Chimerix
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Chimerix (CMRX) investor relations material

Chimerix has been delisted

Chimerix Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Chimerix Inc
Q4 2024 earnings summary21 Mar, 2025

Executive summary

  • FDA accepted NDA for dordaviprone to treat recurrent H3 K27M-mutant diffuse glioma; PDUFA action date set for August 18, 2025.

  • Jazz Pharmaceuticals to acquire Chimerix for $8.55 per share in cash, totaling ~$935 million; expected to close in Q2 2025.

  • Chimerix continues to advance dordaviprone and ONC206 clinical programs.

Financial highlights

  • Q4 2024 net loss was $23.0 million ($0.25/share) vs. $18.2 million ($0.20/share) in Q4 2023.

  • Full-year 2024 net loss was $88.4 million ($0.99/share) vs. $82.1 million ($0.93/share) in 2023.

  • Q4 2024 R&D expenses rose to $17.7 million from $15.6 million year-over-year; G&A expenses increased to $7.0 million from $5.2 million.

  • Full-year 2024 R&D expenses were $74.6 million, up from $68.8 million; G&A expenses decreased to $22.2 million from $24.6 million.

  • Cash and investments totaled $140.1 million at year-end 2024; no outstanding debt.

Outlook and guidance

  • Preparing for potential commercial launch of dordaviprone, pending FDA approval.

  • Anticipates closing of Jazz acquisition in Q2 2025, subject to customary conditions.

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Frequently asked questions

Chimerix Inc. is a biopharmaceutical company focused on the development and commercialization of innovative therapies for life-threatening diseases, including viral infections and cancer. The company's portfolio includes antiviral treatments and oncology therapies aimed at addressing unmet medical needs. Chimerix works on developing novel drug candidates to improve outcomes for patients with limited treatment options, particularly in areas such as immunotherapy and targeted therapies. The company is headquartered in Durham, North Carolina, and its shares are listed on the NASDAQ.