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Xenon Expects XEN801 Results In Q1 2017, Delayed One Quarter

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After the close on Wednesday, Xenon Pharmaceuticals Inc (NASDAQ: XENE) reported Q2 earnings. EPS in the second quarter was a loss of $0.42 versus estimates for a loss of $0.48.

President and CEO Dr. Simon Pimstone spoke about the ongoing Phase 2 clinical trial of XEN801, which was expected to yield topline results in Q4 2016 but has been delayed, saying, "We have now surpassed 50% enrollment in our XEN801 Phase 2 clinical trial in patients with moderate to severe acne, and based on updated projections, we anticipate a read out of top-line results in the first quarter of 2017."

Xenon is slated to present at Canaccord's 36th Annual Growth Conference at 3 .p.m EDT on August 11.

Shares of Xenon Pharmaceuticals closed Wednesday's session down $0.03 or 0.41 percent to $7.36.

Posted-In: Earnings News After-Hours Center

 

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