argenx(ARGX)
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argenx to Present at Goldman Sachs 45th Annual Global Healthcare Conference
Newsfilter· 2024-06-04 05:00
June 4, 2024Amsterdam, the Netherlands – argenx ((Euronext &, NASDAQ:ARGX), a global immunology company committed to improving the lives of people suffering from severe autoimmune diseases, today announced that members of management will participate in a fireside chat at the Goldman Sachs 45th Annual Global Healthcare Conference on Tuesday, June 11, 2024 at 2:40 PM ET in Miami, FL. A live webcast of the fireside chat may be accessed on the Investors section of the argenx website at argenx.com/investors. ...
argenx(ARGX) - 2024 Q1 - Earnings Call Transcript
2024-05-09 20:39
argenx SE (NASDAQ:ARGX) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Beth DelGiacco - Vice President, Global Head of Corporate Communications and Investor Relations Tim Van Hauwermeiren - Chief Executive Officer Karl Gubitz - Chief Financial Officer Karen Massey - Chief Operating Officer Conference Call Participants Tazeen Ahmad - Bank of America Securities Rajan Sharma - Goldman Sachs Derek Archila - Wells Fargo James Gordon - JPMorgan Akash Tewari - Jefferies Yaron Werber - ...
argenx Reports First Quarter 2024 Financial Results and Provides Business Update
Newsfilter· 2024-05-09 05:00
Core Insights - argenx SE reported global net product sales of $398 million in the first quarter of 2024, a significant increase from $218 million in the same period of 2023, reflecting strong growth driven by the VYVGART product line [5][10][12] - The company is preparing for regulatory submissions and trials for its products, including a Supplemental Biologics License Application (sBLA) for CIDP with a PDUFA target action date of June 21, 2024, and a filing for a pre-filled syringe expected in the second quarter of 2024 [5][6][12] - argenx is advancing its pipeline with multiple programs, including registrational trials for efgartigimod in various autoimmune diseases, and aims to solidify its leadership in FcRn biology with expectations of approvals in at least 15 indications by 2025 [6][7][8] Financial Performance - Total operating income for Q1 2024 was $413 million, up from $230 million in Q1 2023, driven by product net sales and collaboration revenue [12][13] - Research and development expenses increased to $225 million in Q1 2024 from $166 million in Q1 2023, reflecting ongoing clinical development efforts [13][14] - The net loss for the period was $62 million, compared to a loss of $29 million in the same period last year, with a basic and diluted loss per share of $1.04 [15][16] Product Development and Regulatory Updates - VYVGART is now approved in over 30 countries for generalized myasthenia gravis (gMG) and has received approval in Japan for primary immune thrombocytopenia (ITP) [4][5] - The company is actively pursuing regulatory approvals for VYVGART and VYVGART SC in additional markets, including Switzerland, Australia, and China [5][6] - argenx is also advancing its pipeline with ongoing studies for efgartigimod in various conditions, including Sjogren's disease and thyroid eye disease, with data readouts expected throughout 2024 [7][8][9] Strategic Initiatives - The company continues to invest in its Immunology Innovation Program (IIP) to drive long-term pipeline growth, with four new pipeline candidates expected to be filed by the end of 2025 [8][20] - argenx has appointed Dr. Brian L. Kotzin as a non-executive director to enhance its research and development capabilities [9] - The company anticipates combined R&D and SG&A expenses to be less than $2 billion in 2024, with a net cash utilization of up to $500 million for operating expenses and capital expenditures [16]
argenx announces results of Annual General Meeting of Shareholders
Newsfilter· 2024-05-07 21:30
May 7, 2024 – 5:30pm ET Amsterdam, the Netherlands – argenx SE ((Euronext &, NASDAQ:ARGX), a global immunology company committed to improving the lives of people suffering from severe autoimmune diseases, announced the results of its Annual General Meeting of shareholders held today. All items on the agenda received a majority of votes in favor except for agenda item 5 (adoption of the remuneration policy). As part of the approved resolutions: The Company's annual report and annual accounts for the fina ...
argenx: Innovation Over Losses In Autoimmune Arena
Seeking Alpha· 2024-05-07 08:02
Vesnaandjic/E+ via Getty Images Argenx Performance and Prospects Amid Market Challenges Argenx's (NASDAQ:ARGX) stock is down 22% since my last evaluation in October. Back then, I noted growing revenue opportunities for the company's lead asset, Vyvgart. argenx, a biotechnology developer based in Amsterdam, is a leader in the anti-FcRn market, which is expected to grow to over $10 billion. Last quarter (Q4), argenx reported $374 million in global net product revenues (Vyvgart and Vyvgart Hytrulo) and $41 ...
argenx to Present at BofA Securities 2024 Health Care Conference
Newsfilter· 2024-05-07 05:00
May 7, 2024Amsterdam, the Netherlands – argenx ((Euronext &, NASDAQ:ARGX), a global immunology company committed to improving the lives of people suffering from severe autoimmune diseases, today announced that members of the management team will participate in a fireside chat at the BofA Securities 2024 Health Care Conference on Tuesday, May 14, 2024 at 10:00 AM PT in Las Vegas, NV. A live webcast of the fireside chat may be accessed on the Investors section of the argenx website at argenx.com/investors ...
argenx to Present at BofA Securities 2024 Health Care Conference
Globenewswire· 2024-05-07 05:00
May 7, 2024Amsterdam, the Netherlands – argenx (Euronext & Nasdaq: ARGX), a global immunology company committed to improving the lives of people suffering from severe autoimmune diseases, today announced that members of the management team will participate in a fireside chat at the BofA Securities 2024 Health Care Conference on Tuesday, May 14, 2024 at 10:00 AM PT in Las Vegas, NV. A live webcast of the fireside chat may be accessed on the Investors section of the argenx website at argenx.com/investors. A ...
argenx to Report First Quarter 2024 Financial Results and Business Update on May 9, 2024
Globenewswire· 2024-05-02 05:00
May 2, 2024Amsterdam, the Netherlands – argenx (Euronext & Nasdaq: ARGX), a global immunology company committed to improving the lives of people suffering from severe autoimmune diseases, today announced that it will host a conference call and audio webcast on Thursday, May 9, 2024 at 2:30 PM CET (8:30 AM ET) to discuss its first quarter 2024 financial results and provide a business update. A webcast of the live call may be accessed on the Investors section of the argenx website at argenx.com/investors. A ...
argenx to Report First Quarter 2024 Financial Results and Business Update on May 9, 2024
Newsfilter· 2024-05-02 05:00
May 2, 2024 Amsterdam, the Netherlands – argenx (Euronext & Nasdaq: ARGX), a global immunology company committed to improving the lives of people suffering from severe autoimmune diseases, today announced that it will host a conference call and audio webcast on Thursday, May 9, 2024 at 2:30 PM CET (8:30 AM ET) to discuss its first quarter 2024 financial results and provide a business update. A webcast of the live call may be accessed on the Investors section of the argenx website at argenx.com/investors. A ...
GSK Gears Up for Q1 Earnings: Here's What to Expect
Zacks Investment Research· 2024-04-23 18:21
GSK plc. (GSK) will report first-quarter 2024 results on May 1, before the opening bell. In the last reported quarter, the company reported a negative earnings surprise of 5.26%.Factors to NoteGSK reports financial figures under three segments — Specialty Medicines, Vaccines and General Medicines. Our model estimate for the company’s total revenues is pegged at £7.36 billion ($9.12 billion).In the first quarter, higher sales of newer products like Arexvy, Cabenuva, Juluca, Dovato, Trelegy Ellipta and Shingr ...