•
Sep 30, 2023

Edgewise Therapeutics Q3 2023 Earnings Report

Edgewise Therapeutics reported financial results for the third quarter of 2023 and recent business highlights.

Key Takeaways

Edgewise Therapeutics reported a net loss of $25.7 million for the third quarter of 2023. The company is advancing clinical trials for EDG-5506 and EDG-7500, including the initiation of the GRAND CANYON pivotal study in Becker muscular dystrophy and the FOX Phase 2 trial in Duchenne muscular dystrophy.

Initiated GRAND CANYON, a global pivotal study of EDG-5506 in Becker muscular dystrophy.

Expanded Phase 2 LYNX trial of EDG-5506 including a new cohort for boys with Duchenne not currently treated with corticosteroids.

Initiated new Phase 2 FOX trial in boys with Duchenne muscular dystrophy who have been previously treated with gene therapy.

Advancing Phase 1 trial of EDG-7500, a novel sarcomere modulator for hypertrophic cardiomyopathy.

Total Revenue
$0
EPS
-$0.41
Previous year: -$0.34
+20.6%
Research and development expenses
$23.8M
Previous year: $13.9M
+71.1%
General and administrative expenses
$5.67M
Previous year: $4.4M
+28.8%
Gross Profit
-$448K
Cash and Equivalents
$290M
Previous year: $365M
-20.6%
Free Cash Flow
-$22.5M
Previous year: -$13.3M
+68.9%
Total Assets
$311M
Previous year: $377M
-17.4%

Edgewise Therapeutics

Edgewise Therapeutics