earnings
confidence high
sentiment neutral
materiality 0.80
Invivyd reports Q2 2024 net product revenue of $2.3M, expects 2024 revenue of $150-200M
Invivyd, Inc.
2024-Q2 EPS reported
-$0.77
revenue$2,264,000
- PEMGARDA launched commercially in Q2 2024 with $2.3M net product revenue; early Q3 commercial acceleration noted.
- Cash and cash equivalents were $147.9M as of June 30, 2024; projected year-end cash at least $75M.
- EUA amendment request submitted to FDA for PEMGARDA for treatment of mild-to-moderate COVID-19 in immunocompromised patients.
- Next-generation molecule VYD2311 first-in-human trial dosing scheduled to begin late August 2024.
- Tim Lee joined as Chief Commercial Officer; board expanded with Srishti Gupta and Kevin F. McLaughlin.