earnings
confidence high
sentiment neutral
materiality 0.75
Vigil Neuroscience Q4 2023 net loss $22.2M; positive Phase 2 interim data for iluzanebart; cash runway extended
Vigil Neuroscience, Inc.
- Q4 2023 net loss from operations $22.2M (vs $18.5M Q4 2022); full year net loss $82.6M (vs $68.3M 2022).
- Cash, cash equivalents, and marketable securities $117.9M at Dec 31, 2023; cash runway extended into H2 2025.
- Phase 2 IGNITE trial for iluzanebart in ALSP: positive interim data showing target engagement; enrollment completed with 20 patients; next data readout Q3 2024.
- VG-3927 Phase 1 trial ongoing; interim data planned mid-2024; FDA partial clinical hold on maximum exposure limit, no expected delay.
- Appointed Petra Kaufmann, M.D., as Chief Medical Officer.