earnings
confidence high
sentiment positive
materiality 0.80
REGENXBIO reports Q4 net income $294M on AbbVie deal; cash $849M into 2025
REGENXBIO Inc.
2021-FY EPS reported
$2.91
revenue$470,347,000
- Q4 2021 net income $294M ($6.87 basic EPS) vs net loss $46.2M in Q4 2020; revenue $398.7M (incl $370M AbbVie upfront).
- Cash, equivalents & marketable securities $849.3M at Dec 31, 2021; runway into 2025.
- Closed eye care collaboration with AbbVie: $370M upfront + up to $1.38B milestones; two pivotal trials (ATMOSPHERE, ASCENT) for wet AMD.
- RGX-202: FDA cleared IND, granted Rare Pediatric Disease & Orphan Drug designations; Phase I/II AFFINITY DUCHENNE trial to start H1 2022.
- RGX-314 suprachoroidal: Phase II AAVIATE (wet AMD) & ALTITUDE (DR) show reduced treatment burden; enrollment in higher-dose cohorts ongoing.