Outlook Therapeutics Inc (OQ:OTLK)
Business Focus: Biotechnology & Medical Research
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 485 Route 1 South, Building F, Suite 320 ISELIN NJ 08830 |
| Tel: | 1-833-4758247 |
| Website: | https://outlooktherapeutics.com |
| IR: | See website |
| Key People | ||
| Ralph H. Thurman Independent Executive Chairman of the Board | C. Russell Trenary President, Chief Executive Officer, Director | Lawrence A. Kenyon Chief Financial Officer, Executive Vice President, Treasurer, Company Secretary, Director |
| Jedd Comiskey Senior Vice President - Head of Europe | Joel Prieve Senior Vice President - Licensing and M&A | Jeff Evanson Chief Commercial Officer |
| Business Overview |
| Outlook Therapeutics, Inc. is a biopharmaceutical company. The Company focuses on developing and commercializing ONS-5010 (LYTENAVA (bevacizumab-vikg)), an ophthalmic formulation of bevacizumab for use in retinal indications. The Company's product candidate, ONS-5010, is developed to be administered as an intravitreal injection for the treatment of wet age-related macular degeneration (wet AMD), diabetic macular edema (DME), and branch retinal vein occlusion (BRVO). Bevacizumab is a full-length, humanized anti-Vascular Endothelial Growth Factor (VEGF) recombinant monoclonal antibody (mAb), that inhibits VEGF and associated angiogenic activity. VEGF is a protein that promotes the growth of new abnormal blood vessels. Its biologics license application (BLA) for ONS-5010 in wet AMD involved three clinical trials, which include NORSE ONE, NORSE TWO and NORSE THREE. The Company sells ONS-5010 in the United States, United Kingdom, Europe, Japan and other markets. |
| Financial Overview |
| For the three months ended 31 December 2023, Outlook Therapeutics Inc revenues was not reported. Net loss decreased 40% to $11.2M. Lower net loss reflects Research and Development - Balancing val decrease of 60% to $3.5M (expense), General and administrative - Balancing decrease of 20% to $2.8M (expense), Loss on extinguishment of debt decrease from $578K (expense) to $0K. |
| Employees: | 24 as of Sep 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $213.97M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$47.70M as of Dec 31, 2023 |
| Net annual income (TTM): | -$51.50M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$47.10M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $26.19M as of Dec 31, 2023 |
| Shares outstanding: | 21,584,298 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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