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Symbol MRNS
Name Marinus Pharmaceuticals, Inc.
Currency USD
Sector Health Care
IndustryGroup Pharmaceuticals, Biotechnology & Life Sciences
Industry Biotechnology
Market NASDAQ Global Select
Country United States
State PA
City Radnor
Zipcode 19087
Website http://www.marinuspharma.com
Marinus Pharmaceuticals reported a Q3 loss of $0.42 per share, slightly better than the expected loss of $0.44, while revenues of $8.54 million fell short of estimates by 4.59%. The company has struggled with revenue expectations, missing consensus estimates for the past four quarters, and its stock has plummeted 96.9% this year. Current consensus estimates predict a loss of $0.22 per share and revenues of $12.51 million for the upcoming quarter.
GSK is investing $800 million to expand its manufacturing site in Marietta, Pennsylvania, focusing on sterile liquid vaccines and drug substances, with operations expected by 2027 and 2028. Amgen has set a list price of $1,665 for its Eylea biosimilar, Pavblu, launching without a legal settlement, which may lead to penalties if future rulings favor Regeneron. Meanwhile, Roche has partnered with Dyno Therapeutics for gene therapy advancements, and AbbVie is collaborating with Gideon Richter on neuropsychiatric treatments. Marinus Pharmaceuticals is laying off staff after its seizure drug ganaxolone failed to meet Phase 3 study goals.
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