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Stock impact report

Amylyx Pharmaceuticals Inc (AMLX) Q3 2024 Earnings Call Highlights: Strategic Advances Amid ... [Yahoo! Finance]

Amylyx Pharmaceuticals, Inc. (AMLX) 
Company Research Source: Yahoo! Finance
Cost of Sales: $800,000 related to discontinued commercial sales. Research and Development Expenses: $21.2 million for Q3 2024, down from $30 million in Q3 2023. Selling, General and Administrative Expenses: $17.8 million for Q3 2024, down from $48.7 million in Q3 2023. Acquisition Expense: $36.2 million related to the avexitide acquisition. Net Loss: $72.7 million or $7 per share for the third quarter. Cash Runway: Expected to extend into 2026. Warning! GuruFocus has detected 3 Warning Signs with AMLX. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Amylyx Pharmaceuticals Inc ( NASDAQ:AMLX ) reported positive top-line data from the Phase II HELIOS trial of AMX0035 in Wolfram syndrome, showing improvement in pancreatic function and stabilization across secondary endpoints. The company is on track to initiate a Phase III trial for avexitide in post-bariatric hypoglycemia (PBH) in Q1 Show less Read more
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