Agios Pharmaceuticals (NASDAQ: AGIO) saw its stock surge 7.51% in pre-market trading on Thursday following the release of its first-quarter 2025 financial results and business updates. The biotechnology company, focused on developing therapies for rare diseases, reported better-than-expected financial performance and provided encouraging updates on its pipeline.
For the first quarter, Agios reported a net loss of $89.3 million, or $1.55 per share, which was narrower than the analysts' consensus estimate of $1.80 per share. The company's flagship product, PYRUKYND, generated net revenue of $8.7 million, showing a slight increase from $8.2 million in the same period last year.
Investors were particularly enthused by the progress in Agios' pipeline. The company announced that the U.S. Food and Drug Administration (FDA) is actively reviewing its supplemental New Drug Application for PYRUKYND in thalassemia, with a Prescription Drug User Fee Act (PDUFA) goal date of September 7, 2025. This potential expansion of PYRUKYND's indications could significantly boost the drug's market potential.
Additionally, Agios reported that its Phase 3 RISE UP study of mitapivat in sickle cell disease is on track, with topline results expected in late 2025. The company is eyeing a potential U.S. commercial launch for this indication in 2026, which could open up another substantial market opportunity.
Brian Goff, CEO of Agios, expressed confidence in the company's progress, stating, "We are pleased with our strong start to 2025, highlighted by the acceptance of our sNDA for thalassemia with a PDUFA goal date of September 7, 2025." He also emphasized the company's focus on delivering topline results from the Phase 3 RISE UP study in sickle cell disease by year-end.
The pre-market stock surge reflects investor optimism about Agios' narrower-than-expected loss, steady revenue growth, and promising pipeline developments. As the company continues to advance its therapies for rare diseases, market participants appear to be betting on its potential for future growth and expanded market opportunities.
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