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Ovid Therapeutics reports Q4 EPS (16c), consensus (18c)

Reports Q4 revenue $46,280, consensus $0. "Ovid has significant momentum entering 2023. OV329, our next generation GABA-aminotransferase inhibitor program, is being actively studied in healthy volunteers. In the first half of 2024, we anticipate data characterizing OV329’s potential efficacy using a biomarker as well as its initial safety profile. In addition, Takeda is progressing the study of soticlestat in two, pivotal Phase 3 trials of patients with Dravet and Lennox-Gastaut syndromes," said Jeremy Levin, D.Phil, MB BChir., Chairman and CEO of Ovid Therapeutics. "We continue to refine our development pipeline of differentiated anti-seizure medicines while maintaining fiscal and strategic focus to drive long-term shareholder value," remarked Dr. Levin.

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