Xenon Pharmaceuticals reports Q2 EPS (72c), consensus (70c)

Reports Q2 revenue $0, consensus $400,000. Ian Mortimer, Xenon’s president and CEO, stated, “We are pleased to announce that patient enrollment is complete in our XEN1101 Phase 2 “X-NOVA” study in major depressive disorder, or MDD. We expect the last patient to be randomized in the near term and anticipate more than 160 total patients will be randomized, which exceeds our planned target of 150 patients. We look forward to X-NOVA topline data in late November to mid-December. In advance of these results, we will be hosting a webinar in mid-September to review the MDD landscape and the potential of the Kv mechanism to treat MDD as well as details on our X-NOVA clinical trial.”