earnings
confidence high
sentiment positive
materiality 0.85
Agios reports Q1 net loss $94.8M; PYRUKYND launch revenue $0.8M, cash $1.2B
AGIOS PHARMACEUTICALS, INC.
2022-Q1 EPS reported
-$1.74
revenue$832,000
- FDA approved PYRUKYND for PK deficiency in Feb 2022; U.S. launch generated $0.8M net revenue in partial quarter.
- Net loss from continuing ops $94.8M vs $90.9M YoY; R&D spend $70.1M, SG&A $31.5M.
- Cash & securities $1.2B (down from $2.4B YoY) due to $802.5M share repurchases in 2021; no need for equity.
- Key 2022 milestones: EMA decision on PYRUKYND by year-end, start pediatric PK studies mid-2022.
- Phase 2a study of AG-946 in MDS to initiate by year-end; AG-946 Phase 1 sickle cell cohort started.