Alpine Immune Sciences (ALPN) Tops Q3 EPS by 6c

Alpine Immune Sciences (NASDAQ: ALPN) reported Q3 EPS of ($0.62), $0.06 better than the analyst estimate of ($0.68). Revenue for the quarter came in at $289 thousand versus the consensus estimate of $190 thousand.

“The third quarter of 2019 included several significant milestones for Alpine, highlighted by completion of enrollment in our Phase 1 study in healthy volunteers for our lead program, ALPN-101,” said Mitchell H. Gold, MD, Executive Chairman and Chief Executive Officer of Alpine. “We believe ALPN-101 has the potential to deliver significantly differentiated efficacy outcomes across a range of inflammatory and autoimmune diseases. We look forward to highlighting our upcoming Phase 1/2 BALANCE study of ALPN-101 during an oral presentation at the ASH annual meeting next month.”

“In addition, we are actively preparing for the initiation of the Phase 1 NEON-1 study of our lead immuno-oncology program, ALPN-202,” Dr. Gold said. “At Alpine, we share a deep commitment and drive to deliver the next generation of immunotherapies to patients suffering from debilitating and deadly diseases and I am proud of the work our entire team has done in the transformation of Alpine to an established, clinical-stage company.”

For earnings history and earnings-related data on Alpine Immune Sciences (ALPN) click here.

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