10-Q quarterly report · filed Jul 29, 2019

Neurocrine Biosciences Inc (NBIX) Q2 2019 10-Q Quarterly Report

Short answer

Neurocrine Biosciences Inc (NBIX) filed its Q2 2019 10-Q quarterly report on Jul 29, 2019 for the quarter ended Jun 30, 2019.

Neurocrine Biosciences Inc Q2 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $183.6M, up $86.7M YoY from $96.9M, driven by INGREZZA sales
  • INGREZZA sales $180.5M vs $96.9M YoY, collaboration revenue $3.0M
  • Net income $51.3M vs $5.9M net loss YoY, driven by sales and $21.0M Voyager gain
  • Cash and investments $766.5M vs $866.9M at December 31, 2018
  • Operating cash used $48.3M vs $18.0M, including $118.1M Voyager upfront payments

Risk Factors

  • No material changes indicated beyond asterisks marking updates from the 2018 10-K
  • Regulatory risk: opicapone NDA review targeted for April 26, 2020
  • Operational risk: limited INGREZZA suppliers could cause shortages after manufacturing disruptions
  • Competitive risk: Teva’s AUSTEDO approval increases competition in tardive dyskinesia
  • Financial risk: $517.5 million of 2.25% convertible notes mature May 15, 2024

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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