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Dec 31, 2020

uniQure Q4 2020 Earnings Report

uniQure reported its financial results and highlighted recent progress across its business.

Key Takeaways

uniQure reported its financial results for 2020, including a revenue of $37.5 million and a net loss of $125.0 million. The company completed patient dosing in the HOPE-B pivotal trial and announced a transaction with CSL Behring for the commercialization of etranacogene dezaparvovec.

Completed six patient procedures in Phase I/II for Huntington’s disease, with full enrollment of first cohort expected mid-2021.

Last patient in HOPE-B pivotal study to complete 52-week follow-up visit before end of the first quarter of 2021, with top-line data to be presented in the second quarter of 2021.

Analysis of the HOPE-B safety event expected to be completed and submitted to the FDA before end of the first quarter of 2021.

Research & Development Day to be held mid-2021 to announce expanded pipeline and platform advancements.

Total Revenue
$34.1M
Previous year: $2.63M
+1198.5%
EPS
-$0.01
Previous year: -$0.97
-99.0%
Gross Profit
$31.2M
Previous year: $971K
+3111.8%
Cash and Equivalents
$245M
Previous year: $378M
-35.2%
Free Cash Flow
-$40M
Previous year: -$28M
+42.9%
Total Assets
$340M
Previous year: $449M
-24.1%

uniQure

uniQure

Forward Guidance

uniQure is focused on important catalysts as it prepares the filings for regulatory approval of etranacogene dezaparvovec and advance its Phase I/II study of AMT-130 in Huntington’s disease.

Positive Outlook

  • Preparing filings for regulatory approval of etranacogene dezaparvovec.
  • Advancing Phase I/II study of AMT-130 in Huntington’s disease.
  • Early biomarker data on the initial patients expected as early as the end of this year.
  • Making investments to expand pipeline of promising gene therapies.
  • Further strengthening AAV manufacturing platform.

Challenges Ahead

  • Risks associated with the impact of the ongoing COVID-19 pandemic.
  • Risks related to Commercialization and License Agreement with CSL Behring.
  • Risks related to the regulatory approval of that transaction.
  • Risks related to clinical development activities.
  • Risks related to collaboration arrangements.