earnings
confidence high
sentiment positive
materiality 0.70
X4 Pharma Q2 net loss $55.7M; WHIM NDA on track; chronic neutropenia data promising
X4 Pharmaceuticals, Inc
2023-Q3 EPS reported
-$0.51
- Net loss of $55.7M in Q2 2023 includes $29.9M non-cash warrant adjustment; cash $142.3M at June 30.
- NDA submission for mavorixafor in WHIM syndrome on track for early 2H 2023; potential US approval in 1H 2024.
- Preliminary Phase 2 chronic neutropenia data: mavorixafor increased ANC and enabled G-CSF dose reductions in 3 patients.
- Raised ~$65M via PIPE in May 2023; post-quarter expanded debt facility to $115M with $22.5M initial drawdown.
- Appointed Dr. Christophe Arbet-Engels as Chief Medical Officer; new mavorixafor composition-of-matter patent through 2038.