REGENXBIO Q3 2024 Earnings Report
Key Takeaways
REGENXBIO reported a net loss of $59.6 million for the third quarter of 2024, with revenues of $24.2 million. The company's cash, cash equivalents, and marketable securities totaled $278.6 million as of September 30, 2024, expected to fund operations into 2026. Key advancements include progress in the RGX-202 and ABBV-RGX-314 trials, and initiation of the BLA submission for RGX-121.
Advanced Phase I/II AFFINITY DUCHENNE trial of RGX-202 for Duchenne Muscular Dystrophy, with pivotal trial initiation and first functional data expected this month.
Initiated BLA submission for RGX-121, expected to be completed in Q1 2025.
Presented positive Phase II data supporting bilateral administration of subretinal ABBV-RGX-314, demonstrating a favorable safety and efficacy profile.
Accelerated End-of-Phase II meeting for ABBV-RGX-314 in diabetic retinopathy to Q4 2024, supporting global pivotal program initiation in H1 2025.
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REGENXBIO Revenue by Segment
Forward Guidance
REGENXBIO expects its balance in cash, cash equivalents and marketable securities of $278.6 million as of September 30, 2024 to fund its operations into 2026.