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25 April, 2024 15:52 IST
Voyager Therapeutics first-quarter loss widens on a YOY basis
Source: IRIS | 11 May, 2017, 02.33AM

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Voyager Therapeutics, Inc. (VYGR) saw its loss widen to $16.65 million, or $0.65 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $7.19 million, or $0.29 a share.

Revenue during the quarter plunged 69.69 percent to $1.46 million from $4.83 million in the previous year period.

Operating loss for the quarter was $17.52 million, compared with an operating loss of $7.47 million in the previous year period.

"The first quarter of 2017 reflected solid progress across the entire organization with our lead clinical program for advanced Parkinson’s disease, our pipeline of preclinical gene therapy programs, our product engine and our manufacturing platform,” said Steven Paul, M.D., president and chief executive officer of Voyager Therapeutics. “For the first time, our investigators presented interim Phase 1b results for VY-AADC01 for advanced Parkinson’s disease at two major scientific conferences targeting key physician audiences for this program, and we remain on track to provide additional data from this trial during the third quarter. The pipeline continues to advance towards IND filing for VY-SOD101 for the treatment of ALS and towards lead clinical candidate selections for both our Huntington’s disease and Friedreich’s ataxia programs. All of this progress is based, in part, on our ability to optimally deliver these therapeutics to the brain or spinal cord, as well as to manufacture high quality GMP vectors at scale."

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