REGENXBIO Reports Third Quarter 2019 Financial and Operating Results and Recent Operational Highlights

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Regenxbio (RGNX) Misses Q3 EPS by 22c, Revenues Beat

November 5, 2019 4:55 PM EST

Regenxbio (NASDAQ: RGNX) reported Q3 EPS of ($0.94), $0.22 worse than the analyst estimate of ($0.72). Revenue for the quarter came in at $14.7 million versus the consensus estimate of $9.74 million.

Initiation of RGX-314 Phase IIb trial for wet AMD and IND filing for Phase II trial in diabetic retinopathy now expected in Q1 2020 as a result of partial clinical hold following FDA notification related to certain commercial, third-party surgical devices; matter is not related to RGX-314 gene therapy candidatePositive interim update from RGX-314 Phase I/IIa trial for wet AMD presented in October at... More