Regenxbio Inc (OQ:RGNX)
Business Focus: Bio Therapeutic Drugs
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 9804 Medical Center Drive ROCKVILLE MD 20850 |
| Tel: | N/A |
| Website: | https://regenxbio.com |
| IR: | See website |
| Key People | ||
| Kenneth T. Mills President, Chief Executive Officer, Director | Vittal K. Vasista Chief Financial Officer, Executive Vice President | Curran M. Simpson Chief Operating Officer, Executive Vice President |
| Olivier Danos Executive Vice President, Chief Scientific Officer | Patrick J. Christmas Executive Vice President, Chief Legal Officer | Steve Pakola Executive Vice President, Chief Medical Officer |
| Business Overview |
| REGENXBIO Inc. is a clinical-stage biotechnology company seeking to improve lives through the curative potential of gene therapy. The Company has developed a pipeline of gene therapy programs using its proprietary adeno-associated virus (AAV) gene therapy delivery platform (NAV Technology Platform) to address genetic diseases. The Company is focused on its internal development pipeline in three areas: retinal, neuromuscular and neurodegenerative diseases. Its investigational AAV therapeutics include ABBV-RGX-314, RGX-202 and RGX-121. It is developing ABBV-RGX-314 in collaboration with AbbVie to treat large patient populations impacted by wet age-related macular degeneration, diabetic retinopathy (DR) and other chronic retinal diseases characterized by loss of vision. It is developing RGX-202 to treat Duchenne muscular dystrophy (Duchenne). The Company is developing RGX-121 to treat Mucopolysaccharidosis type II (MPS II), a progressive, neurodegenerative lysosomal storage disorder. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Regenxbio Inc revenues decreased 20% to $90.2M. Net loss decreased 6% to $263.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Interest Expense decrease of 70% to $6.9M (expense), Research and development (including amo decrease of 4% to $211.7M (expense). |
| Employees: | 344 as of Feb 22, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $504.52M as of Dec 31, 2023 |
| Annual revenue (TTM): | $90.24M as of Dec 31, 2023 |
| EBITDA (TTM): | -$250.81M as of Dec 31, 2023 |
| Net annual income (TTM): | -$263.49M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$228.37M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 49,042,717 as of Apr 1, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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