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EyePoint Pharmaceuticals | 10-Q: Q3 2024 Earnings Report

EyePoint Pharmaceuticals | 10-Q: Q3 2024 Earnings Report

EyePoint Pharmaceuticals | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/07 13:08

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EyePoint Pharmaceuticals reported Q3 2024 total revenue of $10.5 million, down 31% from $15.2 million in Q3 2023. The decline was primarily driven by lower product sales and license revenue following the transfer of YUTIQ rights to ANI Pharmaceuticals. Product sales decreased 19% to $0.7 million, while license and collaboration revenue fell 32% to $9.6 million.Research and development expenses increased 70% to $29.5 million, reflecting expanded clinical trials for DURAVYU, including Phase 3 studies for wet AMD and increased personnel costs. The company reported positive interim 16-week data from the Phase 2 VERONA trial of DURAVYU for diabetic macular edema, showing improved visual acuity compared to aflibercept control.The company ended Q3 with $253.8 million in cash and investments, subsequently raising an additional $161 million through a public offering in October 2024. Management expects current funding to support operations into 2027, as it advances late-stage clinical development of DURAVYU and other pipeline candidates. Net loss for Q3 widened to $29.4 million from $12.6 million year-over-year.
EyePoint Pharmaceuticals reported Q3 2024 total revenue of $10.5 million, down 31% from $15.2 million in Q3 2023. The decline was primarily driven by lower product sales and license revenue following the transfer of YUTIQ rights to ANI Pharmaceuticals. Product sales decreased 19% to $0.7 million, while license and collaboration revenue fell 32% to $9.6 million.Research and development expenses increased 70% to $29.5 million, reflecting expanded clinical trials for DURAVYU, including Phase 3 studies for wet AMD and increased personnel costs. The company reported positive interim 16-week data from the Phase 2 VERONA trial of DURAVYU for diabetic macular edema, showing improved visual acuity compared to aflibercept control.The company ended Q3 with $253.8 million in cash and investments, subsequently raising an additional $161 million through a public offering in October 2024. Management expects current funding to support operations into 2027, as it advances late-stage clinical development of DURAVYU and other pipeline candidates. Net loss for Q3 widened to $29.4 million from $12.6 million year-over-year.
EyePoint Pharmaceuticals報告2024年第三季度總營業收入爲1050萬美金,比2023年第三季度的1520萬美金下降了31%。這一下降主要是由於產品銷售和許可收入較低,因爲YUTIQ的權利轉讓給了ANI Pharmaceuticals。產品銷售下降了19%,降至70萬美金,而許可和合作收入則下降了32%,降至960萬美金。研究和開發支出增加了70%,達到2950萬美金,反映出DURAVYU擴展臨牀試驗的情況,包括針對溼性AMD的第三階段研究和人員成本增加。該公司報告了來自DURAVYU針對糖尿病性黃斑水腫的第二階段VERONA試驗的積極中期16週數據,顯示出相比於阿柏西普...展開全部
EyePoint Pharmaceuticals報告2024年第三季度總營業收入爲1050萬美金,比2023年第三季度的1520萬美金下降了31%。這一下降主要是由於產品銷售和許可收入較低,因爲YUTIQ的權利轉讓給了ANI Pharmaceuticals。產品銷售下降了19%,降至70萬美金,而許可和合作收入則下降了32%,降至960萬美金。研究和開發支出增加了70%,達到2950萬美金,反映出DURAVYU擴展臨牀試驗的情況,包括針對溼性AMD的第三階段研究和人員成本增加。該公司報告了來自DURAVYU針對糖尿病性黃斑水腫的第二階段VERONA試驗的積極中期16週數據,顯示出相比於阿柏西普對照組的視力改善。該公司在第三季度末現金和投資達到25380萬美金,隨後於2024年10月通過公開募股再融資16100萬美金。管理層預計當前資金將支持運營至2027年,同時推進DURAVYU及其他管線候選藥物的後期臨牀開發。第三季度淨虧損擴大至2940萬美金,較上年同期的1260萬美金有所增加。
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