Agios Pharmaceuticals (AGIO) incurred a loss of $1.74 per share in the fourth quarter of 2024, wider than the Zacks Consensus Estimate of a loss of $1.73. In the year-ago quarter, the company had reported a loss per share of $1.72.See the Zacks Earnings Calendar to stay ahead of market-making news.AGIO reported revenues of $10.7 million for the fourth quarter, which marginally beat the Zacks Consensus Estimate of $10 million. Revenues increased 51% from the year-ago quarter’s figure of $7.1 million.In the p ...

Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) Q4 2024 Earnings Conference Call February 13, 2025 8:00 AM ET Company Participants Brian Goff - CEO Sarah Gheuens - CMO & Head OF R&D Tsveta Milanova - CCO Cecilia Jones - CFO Chris Taylor - VP, IR & Corporate Communications Conference Call Participants Eric Schmidt - Cantor Fitzgerald Divya Rao - TD Cowen Gregory Renza - RBC Capital Markets Greg Harrison - Scotiabank Chris Raymond - Piper Sandler Alec Stranahan - Bank of America Lydia Erdman - Goldman Sachs Tessa R ...

Q4 2024 Financial Results and Business Update February 13, 2025 1 Agios Conference Call Participants | TOPIC | PARTICIPANT | | --- | --- | | Introduction | Chris Taylor, VP Investor Relations and Corporate | | | Communications | | Business Update | Brian Goff, Chief Executive Officer | | R&D Update | Sarah Gheuens, M.D., Ph.D., Chief Medical Officer, | | | Head of R&D | | Commercial Update | Tsveta Milanova, Chief Commercial Officer | | Third Quarter 2024 Financial Results | Cecilia Jones, Chief Financial O ...

Financial Performance - The company reported a net income of $673.7 million for the year ended December 31, 2024, primarily due to the sale of Vorasidenib Royalty Rights and receipt of the Vorasidenib Milestone Payment[443]. - The company incurred a net loss of $352.1 million for the year ended December 31, 2023, and a net loss of $231.8 million for the year ended December 31, 2022[443]. - Total revenue for 2024 was $36.5 million, an increase of $9.7 million (26.5%) compared to 2023, driven by increased volume of PYRUKYND®[491]. - Total operating expenses for 2024 were $462.2 million, up $43.9 million (10.5%) from 2023, primarily due to a $36.9 million increase in selling, general and administrative expenses[493]. - Research and development expenses for 2024 totaled $301.3 million, an increase of $5.8 million (2.0%) compared to 2023, with significant costs associated with PYRUKYND®[495]. - The gain on sale of contingent payments in 2024 was $889.1 million, attributed to the sale of Vorasidenib Royalty Rights[498]. - Cash, cash equivalents, and marketable securities balance was $1.5 billion at December 31, 2024[507]. - Net cash used in operating activities for 2024 was $389.8 million, an increase from $296.1 million in 2023[508]. - Cash used in operating activities for the year ended December 31, 2024, was $389.8 million, primarily due to operating expenses driven by research and development costs, partially offset by $43.5 million in interest income and $37.8 million in product revenues[509]. - Cash used in operating activities for the year ended December 31, 2023, was $296.1 million, with $31.2 million in interest income and $28.6 million in revenues partially offsetting the operating expenses[510]. - Cash provided by investing activities for the year ended December 31, 2024, was $363.4 million, mainly from the Upfront Payment from Royalty Pharma and the Vorasidenib Milestone Payment from Servier[512]. - Cash provided by financing activities for the year ended December 31, 2024, was $14.4 million from stock option exercises and employee stock purchase plan[515]. - As of December 31, 2024, the company had cash, cash equivalents, and marketable securities of $1.5 billion, up from $0.8 billion as of December 31, 2023[527]. - The company may need to raise additional capital through equity or debt financing, which could dilute existing stockholders' ownership[519]. Product Development and Approvals - PYRUKYND® is approved for treating hemolytic anemia in adults with PK deficiency and has been submitted for additional indications, with a PDUFA goal date of September 7, 2025[433]. - The company has made an upfront payment of $17.5 million to Alnylam for the AG-236 siRNA development candidate and may pay up to $130.0 million in potential development and regulatory milestones[435]. - The company completed the sale of its oncology business to Servier for approximately $1.8 billion in cash, with additional contingent payments based on future approvals[436]. - In August 2024, the FDA approved vorasidenib for adult and pediatric patients with Grade 2 astrocytoma or oligodendroglioma, leading to a recognized income of $200.0 million from the Vorasidenib Milestone Payment[440]. - PYRUKYND® is approved by the FDA for treating hemolytic anemia in adults with PK deficiency and has received marketing authorization in the EU and Great Britain[451]. - The company submitted regulatory applications for PYRUKYND® for thalassemia treatment in December 2024, with a PDUFA goal date of September 7, 2025[451]. - The company is evaluating PYRUKYND® in clinical trials for SCD and pediatric patients with PK deficiency[451]. - The company updated clinical trial protocols to include monthly monitoring of liver tests for the first six months of treatment due to potential hepatocellular injury risks[458]. - The phase 3 portion of the RISE UP trial has enrolled over 200 patients, with topline data expected in late 2025 and a potential U.S. commercial launch in 2026 if approved[460]. - The company initiated a phase 1 clinical trial of AG-181 in healthy volunteers in Q1 2024, following the IND filing in December 2023[467]. - The company expects to file an IND for AG-236 for the treatment of PV in mid-2025[467]. Clinical Trial Results - The ENERGIZE trial enrolled 194 patients, with 42.3% of the PYRUKYND® arm achieving a hemoglobin response compared to 1.6% in the placebo arm (p<0.0001)[454]. - In the ENERGIZE-T trial, 30.4% of patients on PYRUKYND® achieved a transfusion reduction response compared to 12.6% in the placebo arm (p=0.0003) with 90.1% experiencing any treatment-emergent adverse events[456]. - The phase 2 portion of the RISE UP study showed 46.2% and 50.0% of patients in the 50 mg and 100 mg PYRUKYND® arms achieved a hemoglobin response, respectively, compared to 3.7% in the placebo arm (p=0.0003 and 0.0001)[460]. - In the ACTIVATE-kidsT study, 28.1% of patients in the mitapivat arm achieved the primary endpoint of transfusion reduction response, compared to 11.8% in the placebo arm[461]. - In the ACTIVATE-kids study, 31.6% of patients in the mitapivat arm achieved a hemoglobin response, while 0% in the placebo arm, with a 95% confidence interval for the difference in response rates between mitapivat and placebo being 10.8% to 52.7%[462]. - The phase 2a trial of tebapivat in adults with low transfusion burden MDS showed that 40% of patients achieved transfusion independence[466]. - The company achieved clinical proof-of-concept in the phase 2a trial of tebapivat, with one patient achieving the hemoglobin response endpoint[466]. - The company has completed enrollment in the phase 2a trial of tebapivat with 22 patients, including 10 classified as low transfusion burden[465]. Future Outlook and Strategic Plans - The company expects to continue incurring significant expenses as it advances clinical development and commercialization activities for PYRUKYND® and other product candidates[443]. - The company anticipates generating future revenue from product sales, milestone payments, and royalties under potential collaborations or licensing agreements[445]. - Selling, general and administrative expenses are anticipated to increase to support ongoing research and commercialization activities, including hiring additional personnel[469]. - The company plans to finance operations through cash on hand, potential royalty payments, and strategic collaborations[503]. - The company is exposed to market risk related to changes in interest rates and foreign currency exchange rates, with minimal liabilities in foreign currencies as of December 31, 2024[528].

Agios Pharmaceuticals (AGIO) came out with a quarterly loss of $1.74 per share versus the Zacks Consensus Estimate of a loss of $1.73. This compares to loss of $1.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.58%. A quarter ago, it was expected that this biopharmaceutical company would post earnings of $16.69 per share when it actually produced earnings of $4.20, delivering a surprise of -74.84%.Over the last four quar ...

Exhibit 99.1 Agios Reports Fourth Quarter and Full Year 2024 Financial Results and Recent Business Highlights – Filed for Regulatory Approval of Mitapivat (PYRUKYND ) for the Treatment of Adult Patients with Non-Transfusion-Dependent and Transfusion-Dependent Alpha- or Beta-Thalassemia in U.S., European Union, Kingdom of Saudi Arabia and United Arab Emirates; PDUFA Goal Date of September 7, 2025 – ® – Completed Enrollment for Phase 3 RISE UP Study of Mitapivat in Sickle Cell Disease; Topline Results Expecte ...

– Filed for Regulatory Approval of Mitapivat (PYRUKYND®) for the Treatment of Adult Patients with Non-Transfusion-Dependent and Transfusion-Dependent Alpha- or Beta-Thalassemia in U.S., European Union, Kingdom of Saudi Arabia and United Arab Emirates; PDUFA Goal Date of September 7, 2025 – – Completed Enrollment for Phase 3 RISE UP Study of Mitapivat in Sickle Cell Disease; Topline Results Expected in Late 2025, with Potential U.S. Commercial Launch in 2026 – – Early- and Mid-Stage Pipeline Offers Strong Fo ...

– ACTIVATE-Kids is the First Study to Demonstrate Efficacy of an Oral Therapy for Children with PK Deficiency Who Are Not Regularly Transfused – – Safety Results Consistent with Safety Profile for Mitapivat Previously Observed in Adults with PK Deficiency Who Are Not Regularly Transfused – – First Mitapivat Pediatric Clinical Program for a Rare Hemolytic Anemia; Double-blind Period Completed for Both PK Deficiency Trials ACTIVATE-Kids and ACTIVATE-KidsT – CAMBRIDGE, Mass., Feb. 13, 2025 (GLOBE NEWSWIRE) -- ...

– ACTIVATE-Kids is the First Study to Demonstrate Efficacy of an Oral Therapy for Children with PK Deficiency Who Are Not Regularly Transfused – – Safety Results Consistent with Safety Profile for Mitapivat Previously Observed in Adults with PK Deficiency Who Are Not Regularly Transfused – – First Mitapivat Pediatric Clinical Program for a Rare Hemolytic Anemia; Double-blind Period Completed for Both PK Deficiency Trials ACTIVATE-Kids and ACTIVATE-KidsT – CAMBRIDGE, Mass., Feb. 13, 2025 (GLOBE NEWSWIRE) -- ...

CAMBRIDGE, Mass., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Agios Pharmaceuticals, Inc. (Nasdaq: AGIO), a leader in cellular metabolism and pyruvate kinase (PK) activation pioneering therapies for rare diseases, today announced the company will host a conference call and live webcast on Thursday, February 13, 2025, at 8:00 a.m. ET to report its fourth quarter and full year 2024 financial results and business highlights. The live webcast will be accessible on the Investors section of the company’s website (www.agios ...