Invivyd Q1 net loss $43.5M ($0.38/sh); launches PEMGARDA, guides 2024 rev $150-200M
Invivyd, Inc.
- Launched PEMGARDA (pemivibart) for COVID-19 PrEP in immunocompromised; received CMS HCPCS Q and M codes.
- Cash $189.4M at Q1 end; expects ≥$75M year-end cash on $150-200M net product revenue.
- Net loss $43.5M vs $35.3M YoY; R&D $31.2M, SG&A $14.9M.
- Plans to submit EUA for pemivibart as COVID-19 treatment in immunocompromised via rapid immunobridging.
- Advancing VYD2311 mAb candidate optimized against BA.2.86/JN.1 lineages.