NASDAQ$MIRM
Mirum Pharmaceuticals Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Mirum Pharmaceuticals reported financial results for Q2 2020 and provided clinical program updates.
Mirum Pharmaceuticals reported a net loss of $23.25 million for the second quarter ended June 30, 2020. The company's cash, cash equivalents, and investments totaled $149.3 million as of June 30, 2020. Significant progress was made toward making maralixibat available as an alternative to liver transplantation.
- Initiation of rolling NDA submission for maralixibat in ALGS is on track for Q3 2020.
- Submission of European marketing authorization application for maralixibat in PFIC2 planned for Q4 2020.
- Expanded Access Program for maralixibat in ALGS planned to open for registration in September 2020.
- Orphan Drug Designation received by European Medicines Agency for maralixibat in biliary atresia.
Headline financials
Revenue & EPS history
Mirum Pharmaceuticals · Revenue · Quarterly
$160M
Revenue by segment
Mirum Pharmaceuticals · $29.1M total across 1 segment · Q1 2023
- Net Product Sales$29.1M—100.0%
Forward guidance
Mirum Pharmaceuticals is focused on advancing its pipeline of novel therapies for debilitating liver diseases, with key milestones expected in the near term.
Tailwinds
- Rolling NDA submission for maralixibat in ALGS to be initiated in third quarter 2020.
- Planning for potential launch in ALGS in the second half of 2021.
- Submission of MAA to European regulators for maralixibat in the treatment of patients with PFIC2 on track for fourth quarter of 2020.
- Enrollment ongoing in Phase 3 MARCH clinical trial in PFIC.
- Phase 2 study initiation planned for maralixibat in biliary atresia.
Headwinds
- The company is still operating at a loss.
- The company is dependent on the success of its drug candidates.
- Regulatory approvals are not guaranteed.
- Clinical trials may not be successful.
- The company may need to raise additional capital in the future.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+1.7%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.9%
Avg return
30 days after
59%
16 / 27 earnings
Positive
+26.4%
Q2 2022
Best reaction
-16.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.0% | +0.2% | -11.7% | |
| Q4 2025 | -15.1% | -19.2% | -18.6% | |
| Q3 2025 | -1.4% | -1.8% | -3.5% | |
| Q1 2025 | +9.9% | +9.8% | +12.5% | |
| Q4 2024 | -7.0% | -10.5% | -9.0% | |
| Q3 2024 | +5.6% | +6.9% | +1.6% | |
| Q2 2024 | +1.8% | +14.3% | +5.0% | |
| Q1 2024 | -0.3% | -4.4% | -3.2% | |
| Q4 2023 | -3.0% | -3.1% | -15.2% | |
| Q3 2023 | +5.6% | +5.6% | +12.6% | |
| Q2 2023 | +6.1% | +2.1% | +6.1% | |
| Q1 2023 | -8.3% | -7.9% | -7.9% | |
| Q4 2022 | -1.1% | -4.7% | +5.1% | |
| Q3 2022 | -16.2% | -19.7% | -24.1% | |
| Q2 2022 | +26.4% | +18.0% | +7.4% | |
| Q1 2022 | +7.1% | -4.4% | +7.0% | |
| Q4 2021 | +3.3% | +1.5% | +29.5% | |
| Q3 2021 | +0.1% | -1.2% | -7.9% | |
| Q2 2021 | +0.5% | -4.0% | +23.0% | |
| Q1 2021 | -1.4% | -6.3% | -10.8% | |
| Q4 2020 | +6.0% | +14.3% | +10.2% | |
| Q3 2020 | +11.6% | +16.9% | +48.0% | |
| Q2 2020 | +13.0% | +15.3% | -4.3% | |
| Q1 2020 | +0.1% | +6.2% | +10.8% | |
| Q4 2019 | +8.1% | -10.5% | +25.7% | |
| Q3 2019 | -0.1% | +4.0% | +22.6% | |
| Q2 2019 | -9.0% | -10.3% | -31.5% | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — |
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