Pharvaris reports Q4 EPS (EUR 0.74) vs. (EUR 1.16) last year

Cash and cash equivalents were approximately EUR 391M as of December 31, 2023, compared to approximately EUR 162M for December 31, 2022. “2024 is off to a strong start, supported by the incredible momentum we built in an impressive 2023-driven by a second positive data readout of deucrictibant that was validated by the support of our investors,” said Berndt Modig, Chief Executive Officer of Pharvaris. “At the start of the year, the lift of the remaining hold on the prophylaxis program in the U.S. allowed us to progress with the global Phase 3 clinical development plans for deucrictibant for prevention of HAE attacks. As we move toward the initiation of CHAPTER-3, we hope to realize the promise of the proof-of-concept CHAPTER-1 data, which support deucrictibant’s potential to be a best-in-class oral prophylactic therapy. We are pleased with the HAE community’s excitement in RAPIDe-3, which is enrolling as planned; we will provide the anticipated timing of topline data as enrollment progresses and data is accumulated. Receipt of the Innovation Passport designation for deucrictibant in the UK reflects regulatory recognition of deucrictibant’s innovation for better treatment options for people living with HAE.”