other material
confidence high
sentiment negative
materiality 0.75
Marinus RAISE trial interim analysis fails early stopping criteria; Q1 ZTALMY revenue $7.4-7.6M
MARINUS PHARMACEUTICALS, INC.
- DMC recommended continue RAISE; enrollment completed at ~100 patients; topline results summer 2024.
- Q1 2024 preliminary ZTALMY net revenue $7.4-7.6 million; cash $113.3 million as of March 31.
- TrustTSC enrollment expected mid-May; topline data on track for Q4 2024.
- Cost reduction activities under review to extend cash runway beyond Q4 2024.
- IV ganaxolone development for RSE to be reassessed after final RAISE results.