NEU 1.05% $18.82 neuren pharmaceuticals limited

Neuren Pharmaceuticals(ASX:NEU)Developing drug therapies...

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    Neuren Pharmaceuticals(ASX:NEU)

    Developing drug therapies forserious neurological disorders that emerge in early childhood &have no or limited treatment options

    Highly successful US launchof DAYBUE™ (trofinetide) for Rett syndrome by partner Acadia

    2023 net sales of US$177.2m;A$27m NEU royalties

    1Q24 net sales US$75.9;A$11.6m royalties

    2024 net sales guidance ofUS$370-420m; would earn NEU A$61-70m + A$77m sales milestone

    Acadia advancingDAYBUE™ in Canada, Europe & Japan

    NNZ-2591 in Phase 2 trialsfor four syndromes; 5x Rett market

    All indications received FDAinvestigational new drug (IND) & orphan drug designation

    Pitt Hopkins topline resultsexpected 2Q24, Angelman results expected 3Q24

    Dec'23: PMS demonstratedsignificantly positive results, preparation underway for FDA end of Ph2 meeting

    $243.1m cash as of 31 Mar'24

    Market cap ~ $2.58B


 
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