Welcome to our dedicated page for Enanta Pharmaceuticals news (Ticker: ENTA), a resource for investors and traders seeking the latest updates and insights on Enanta Pharmaceuticals stock.
Enanta Pharmaceuticals, Inc. (NASDAQ: ENTA) is a biotechnology company with a strong focus on research and development. The company leverages its robust chemistry-driven approach and drug discovery capabilities to create small molecule drugs that target viral infections and liver diseases. Based in Watertown, Massachusetts, Enanta is at the forefront of developing novel inhibitors aimed at combating the hepatitis C virus (HCV), among other conditions.
Enanta's portfolio includes several classes of direct-acting antiviral (DAA) inhibitors, such as protease inhibitors, NS5A inhibitors, and nucleotide polymerase inhibitors. These are complemented by a host-targeted antiviral (HTA) inhibitor class specifically designed against cyclophilin. One of the company's most notable achievements is the development of paritaprevir, a lead protease inhibitor that is a key component of AbbVie's approved HCV treatment regimen.
In addition to HCV, Enanta is actively pursuing treatments for other serious conditions. The company has a preclinical program targeting non-alcoholic steatohepatitis (NASH), a liver disease characterized by inflammation and damage due to fat buildup. Enanta's research also extends to hepatitis B and the respiratory syncytial virus (RSV), broadening its impact on viral and liver diseases.
Enanta operates in partnership with AbbVie, which markets its protease inhibitors, while other promising drug candidates are progressing through the development pipeline. The company's commitment to innovation and strategic collaboration positions it as a significant player in the biotech industry.
Enanta Pharmaceuticals (NASDAQ: ENTA) announced positive topline data from a Phase 1 study of EDP-235, a coronavirus 3CL protease inhibitor. The study showed EDP-235 was generally safe and well-tolerated at doses up to 400mg. Plasma drug levels exceeded the EC90 by up to 12-fold for the Delta variant. Preclinical data indicated significant lung tissue distribution, making it a candidate for once-daily oral treatment against COVID-19 variants. Enanta plans to initiate a Phase 2 study in 4Q 2022, pending FDA review.
Enanta Pharmaceuticals (NASDAQ: ENTA) has filed a lawsuit against Pfizer in the U.S. District Court for the District of Massachusetts, seeking damages for patent infringement concerning U.S. Patent No. 11,358,953, related to Pfizer's COVID-19 antiviral, Paxlovid™. Enanta was awarded this patent based on its July 2020 application. The company emphasizes it won't seek to impede Paxlovid’s availability, instead aiming for compensation for its use of a coronavirus protease inhibitor outlined in its patent.
Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA) announced that data from its hepatitis B virus (HBV) development program and non-alcoholic steatohepatitis (NASH) out-licensing program will be presented at the EASL International Liver Congress 2022 from June 22-26 in London. The presentations will include findings from Phase 1b studies of EDP-514, a core inhibitor for HBV, and results from EDP-297, a Farnesoid X receptor agonist for NASH, as well as data on HSD17B13 enzyme inhibition.
Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA) announced CEO Jay R. Luly, Ph.D., will participate in two fireside chats in June 2022. The events include the Jefferies Healthcare Conference on June 9 at 9:00 a.m. ET and the JMP Securities Life Sciences Conference on June 16 at 9:30 a.m. ET. Webcast links will be available on Enanta's website, along with replays for 30 days post-event. Enanta focuses on developing small molecule drugs for viral infections and liver diseases, with candidates for RSV, COVID-19, and HBV under development.
Enanta Pharmaceuticals (NASDAQ: ENTA) announced topline results from its Phase 2b RSVP study of EDP-938 for RSV treatment, which did not meet its primary endpoint of clinical symptom reduction. However, a statistically significant number of subjects achieved undetectable RSV RNA by Day 5. The study demonstrated EDP-938's safety and tolerability. Enanta plans to continue development in high-risk populations, emphasizing the urgency for effective treatments in these groups. Future studies, including pediatric and high-risk adult populations, are underway.
Enanta Pharmaceuticals (NASDAQ:ENTA) reported $18.7 million in royalty revenue for Q2 2022, a decrease from $20.1 million in Q2 2021. The net loss widened to $33.6 million, or $1.63 per share, compared to a loss of $22.0 million, or $1.09 per share, year-on-year. The company expects topline data from the Phase 2b RSVP study for EDP-938 and preliminary results from the Phase 1 EDP-235 study this quarter, with Fast Track designations granted for both. Enanta’s cash reserves stand at $322.5 million, expected to last for at least two years, supporting ongoing development programs.
Enanta Pharmaceuticals plans to report its financial results for the fiscal second quarter ended March 31, 2022, on May 9, 2022. A conference call will follow at 4:30 p.m. ET to discuss results and updates on the company's research pipeline, which focuses on small molecule drugs for viral infections and liver diseases, including targets like RSV, COVID-19, and HBV. Enanta's R&D is funded by royalties from HCV products developed in collaboration with AbbVie, notably Glecaprevir, part of its leading treatment for chronic HCV infections.
Enanta Pharmaceuticals (NASDAQ:ENTA) announced that the FDA has granted Fast Track designation for EDP-235, an oral COVID-19 treatment targeting the coronavirus 3CL protease. This designation allows for expedited development due to the ongoing need for effective treatments against SARS-CoV-2. EDP-235 is currently undergoing a Phase 1 study assessing its safety and dosage. Preclinical data indicates it effectively blocks SARS-CoV-2 replication, positioning it as a leading candidate among direct-acting antivirals. Enanta expects to share Phase 1 data next quarter.
Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA) announced that its CEO, Jay R. Luly, Ph.D., will present at the Oppenheimer 32nd Annual Healthcare Conference on March 15, 2022, at 4:40 p.m. ET. Investors can access a live webcast on Enanta's website under the "Events and Presentations" section, with a replay available for 30 days post-event. Enanta focuses on developing small molecule drugs for viral infections and liver diseases, with clinical candidates targeting RSV, SARS-CoV-2, and HBV. The company is funded by royalties from its HCV collaboration with AbbVie.
Enanta Pharmaceuticals (NASDAQ:ENTA) announced the publication of positive results from its Phase 2a human challenge study of EDP-938 for treating respiratory syncytial virus (RSV) in The New England Journal of Medicine. The study demonstrated significant reductions in viral load and symptom scores compared to placebo, with p-values <0.001. EDP-938 exhibited good pharmacokinetics and a favorable safety profile, being well tolerated without serious adverse events. The company is advancing EDP-938 through further clinical studies, including Phase 2 studies in pediatric patients and other groups.
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