earnings
confidence high
sentiment positive
materiality 0.85
Xenon reports positive Phase 3 X-TOLE2 data for azetukalner; NDA submission planned Q3 2026
Xenon Pharmaceuticals Inc.
2026-Q1 EPS reported
-$1.17
- Phase 3 X-TOLE2 met primary endpoint: median percent change in monthly FOS -53.2% (25mg) and -34.5% (15mg) vs -10.4% placebo (p<0.0001).
- NDA submission to FDA planned Q3 2026 based on X-TOLE2 and X-TOLE data.
- Cash and marketable securities $1.34B as of March 31; cash runway into 2029. Net loss $102.3M for Q1 2026.
- Enrollment ongoing for additional Phase 3 studies: X-TOLE3 (FOS), X-ACKT (PGTCS), X-NOVA2/3 (MDD), X-CEED (BPD); X-NOVA2 topline H1 2027.