earnings
confidence high
sentiment neutral
materiality 0.75
Agios Q2 net loss $86.2M, cash $1.7B; CMO retirement, mitapivat NDA submitted
AGIOS PHARMACEUTICALS, INC.
2021-Q2 EPS reported
$27.39
- Net loss $86.2M vs $90.5M; cash, cash equivalents and marketable securities $1.7B.
- R&D expenses $62.0M (up from $54.1M) for start-up costs of Phase 3 trials and regulatory filings.
- Completed NDA in U.S. and MAA in EU for mitapivat in adults with PK deficiency.
- Chris Bowden to retire as CMO effective Sept 1; Sarah Gheuens to assume role.
- Repurchased 10.5M shares for $529M at average price $50.41 per share.