earnings
confidence high
sentiment neutral
materiality 0.65
Denali reports Q2 net loss $58.8M; collaboration revenue $52.5M on $40M Sanofi milestone
Denali Therapeutics Inc.
2022-Q2 EPS reported
-$1.01
revenue$94,621,000
- Net loss $58.8M vs $60.7M year ago; cash and securities $1.16B as of June 30, 2022.
- Collaboration revenue $52.5M, up from $22.9M, driven by $40M milestone from Sanofi (RIPK1) and $12M from Takeda (TREM2 CTA).
- R&D expenses $92.7M (+41% YoY) due to clinical progress in ETV:IDS, LRRK2, and TV platform programs.
- Phase 1 dosing started for DNL919 (ATV:TREM2) in Alzheimer’s; Phase 2b LUMA study for BIIB122 in Parkinson’s underway.
- Initiated Phase 2/3 COMPASS study for DNL310 in Hunter syndrome; data presentations planned for H2 2022.