Lenz Therapeutics, Inc. ( (LENZ) ) has released its Q3 earnings. Here is a breakdown of the information Lenz Therapeutics, Inc. presented to its investors.
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LENZ Therapeutics, Inc., a pharmaceutical company based in San Diego, focuses on the commercialization of VIZZ, an aceclidine-based eye drop for treating presbyopia, a condition affecting millions globally.
In its latest earnings report, LENZ Therapeutics announced the FDA approval and commercial launch of VIZZ, marking a significant milestone for the company. The launch has been met with positive feedback from eye care professionals, with over 5,000 prescriptions filled by October 2025.
The company reported a pro forma cash position of approximately $324 million as of September 2025, which is expected to support operations until achieving positive cash flow post-launch. Despite an increase in SG&A expenses due to the commercial launch, LENZ achieved $12.5 million in license revenue for the quarter. The company also announced partnerships, including a direct-to-consumer campaign with Sarah Jessica Parker and a licensing agreement in Canada.
Looking ahead, LENZ Therapeutics is optimistic about the continued growth and market penetration of VIZZ, with plans to expand its reach through international partnerships and a robust marketing strategy.