earnings
confidence high
sentiment neutral
materiality 0.55
Edgewise Q3 net loss $25.7M; starts pivotal GRAND CANYON study for EDG-5506
Edgewise Therapeutics, Inc.
2023-Q3 EPS reported
-$1.10
- Cash and equivalents ~$290M; Q3 net loss $25.7M ($0.41/share) vs $21.5M prior quarter.
- Initiated GRAND CANYON, global pivotal study of EDG-5506 in Becker MD, aiming for ~120 patients.
- LYNX Phase 2 trial for Duchenne expanding with new cohort; interim data expected H1 2024.
- Phase 1 trial of EDG-7500 for hypertrophic cardiomyopathy under way; Phase 1b planned H1 2024.