Enanta Pharmaceuticals Inc Stock Price, News & Analysis

Enanta Pharmaceuticals (NASDAQ:ENTA) reported a revenue of $23.6 million for its fiscal first quarter ended December 31, 2022, primarily from royalty revenue linked to AbbVie's MAVYRET/MAVIRET. The company noted a decline in royalty revenue from $27.6 million in the previous year, attributed to lower patient volumes due to COVID-19. R&D expenses decreased to $40.9 million, while G&A expenses rose to $12.7 million. Enanta completed enrollment in the Phase 2 SPRINT study of EDP-235 for COVID-19, with topline data expected in May 2023. Additionally, key data from EDP-323 for RSV is anticipated in Q2 2023.

Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA) announced that Jay R. Luly, Ph.D., President and CEO, will participate in a fireside chat at the SVB Securities Global Biopharma Conference on February 14, 2023, at 8:40 a.m. ET. The event will be accessible via a live webcast on Enanta's website, with a replay available for 30 days post-event. Enanta specializes in developing small molecule drugs for viral infections, including candidates for RSV, COVID-19, and hepatitis B virus. Their research is funded by royalties from hepatitis C virus products developed with AbbVie, including the leading treatment regimens MAVYRET® and MAVIRET®.

Enanta Pharmaceuticals (NASDAQ: ENTA) has announced plans to report its financial results for the first fiscal quarter ended December 31, 2022, on February 7, 2023, after market close. The management will conduct a conference call at 4:30 p.m. ET to discuss these results and provide updates on ongoing research and development initiatives. Enanta focuses on developing small molecule drugs targeting viral infections, including COVID-19, RSV, and hepatitis B. It receives funding through royalties from its collaboration with AbbVie, particularly from the HCV treatment drug, Glecaprevir.

Enanta Pharmaceuticals (NASDAQ:ENTA) announced progress on its COVID-19 and RSV programs, highlighting the ongoing Phase 2 SPRINT trial for EDP-235, a 3CL protease inhibitor, with data expected in H1 2023. New preclinical data indicates EDP-235 can prevent COVID-19 transmission. Enanta is also expanding its antiviral portfolio, announcing a new research program for SARS-CoV-2 Papain-Like Protease inhibitors and targeting dual-inhibitors for hMPV and RSV, with candidate selection planned for Q4 2023. CEO Jay R. Luly will provide updates during the J.P. Morgan Healthcare Conference on January 10, 2023.

Enanta Pharmaceuticals (NASDAQ:ENTA) will be presenting at the 41st Annual J.P. Morgan Healthcare Conference on January 10, 2023, at 3:00 p.m. PT. CEO Jay R. Luly, Ph.D., will lead the presentation, which will be available via a live webcast on Enanta's website. Following the event, a replay will be accessible for 30 days. Enanta focuses on developing small molecule drugs for viral infections, including COVID-19, respiratory syncytial virus, and hepatitis B, backed by royalties from its successful hepatitis C collaborations with AbbVie.

Enanta Pharmaceuticals, Inc. (NASDAQ: ENTA) announced that CEO Jay R. Luly, Ph.D., will participate in two upcoming investor conferences. The events include a Fireside Chat at the Piper Sandler 34th Annual Healthcare Conference on November 29 at 2:00 p.m. ET, and a session at the Evercore ISI 5th Annual HealthCONx Conference on November 30 at 3:30 p.m. ET. Live webcasts will be available on Enanta's website, with replays accessible for 30 days. Enanta focuses on developing small molecule drugs for viral infections, including RSV, COVID-19, and HBV.

Enanta Pharmaceuticals (NASDAQ: ENTA) plans to report its fiscal Q4 and full-year financial results for the period ending September 30, 2022, on November 21, 2022, after U.S. market close. A conference call will follow at 4:30 p.m. ET to discuss these results and provide business updates, including developments in its research and development pipeline targeting respiratory syncytial virus, SARS-CoV-2, and hepatitis B virus. Funding for these activities is supported by royalties from its collaboration with AbbVie on hepatitis C virus treatments.

Enanta Pharmaceuticals has initiated the SPRINT clinical trial for EDP-235, a 3CL protease inhibitor targeting COVID-19. This Phase 2 study evaluates the safety and effectiveness of EDP-235 in non-hospitalized adults with mild to moderate symptoms. Previous Phase 1 results indicated promising safety and potent antiviral activity against the Omicron variant. EDP-235 aims to provide a convenient once-daily treatment option. The trial will enroll approximately 200 participants, with data expected to be reported in the first half of 2023.

Enanta Pharmaceuticals (NASDAQ: ENTA) announced promising preclinical data for its COVID-19 treatment, EDP-235, presented at IDWeek 2022 in Washington, DC. The data indicates EDP-235 effectively penetrates target tissues, including macrophages and monocytes, potentially mitigating cytokine storms in high-risk patients. Enanta plans to initiate a Phase 2 study of EDP-235 this quarter. The drug showed favorable safety and pharmacokinetics in earlier studies, positioning it as a potential best-in-class antiviral.