earnings
confidence high
sentiment positive
materiality 0.75
Milestone Pharma reports Q3 2023 results; NDA submitted for etripamil in PSVT
Milestone Pharmaceuticals Inc.
2023-Q3 EPS reported
-$1.07
- Cash $75.7M as of Sep 30, 2023; expected to fund operations into mid-2025.
- Q3 operating loss $15.4M vs $15.0M prior year; R&D expense down to $6.7M.
- NDA for etripamil (CARDAMYST) in PSVT submitted to FDA; acceptance decision by end of 2023.
- Positive Phase 2 ReVeRA data for etripamil in AFib-RVR presented at AHA; Phase 3 program to start mid-2024.
- Commercial expense rose to $4.4M in Q3 from $2.7M prior year, building pre-launch capabilities.