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Dec 31, 2024

Apogee Q4 2024 Earnings Report

Apogee Therapeutics reported full year 2024 financial results and provided pipeline progress.

Key Takeaways

Apogee Therapeutics reported full year 2024 financial results, highlighting the accelerated execution of the Phase 2 APEX clinical trial for APG777 and the positive interim Phase 1 results for APG990. The company's cash, cash equivalents, and marketable securities totaled $731.1 million, providing a runway into Q1 2028.

Phase 2 APEX clinical trial for APG777 is progressing faster than expected.

APG279 Phase 1b head-to-head study vs. DUPIXENT is supported by positive APG990 interim Phase 1 results.

APG990 demonstrated potential for three- and six-month dosing in combination with APG777.

Cash, cash equivalents and marketable securities totaled $731.1 million, providing runway into Q1 2028.

Total Revenue
$0
0
EPS
-$1.19
Previous year: -$0.32
+271.9%
Gross Profit
-$76K
0
Cash and Equivalents
$731M
Previous year: $396M
+84.9%
Free Cash Flow
-$67.7M
Previous year: -$29.9M
+126.3%
Total Assets
$754M
Previous year: $401M
+87.8%

Apogee

Apogee

Forward Guidance

Apogee Therapeutics is looking forward to an exciting and productive 2025 with several meaningful catalysts expected.