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Stock impact report

Xencor down 6.8% post Q1 results [Seeking Alpha]

Xencor, Inc. (XNCR) 
Last xencor, inc. earnings: 2/24 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.xencor.com/investor-relations
Company Research Source: Seeking Alpha
Xencor down 6.8% post Q1 resultsXencor (XNCR-6.8%) reports no revenue forQ1 due to the adoption of new revenue recognition standard, under historic revenue recognition method revenue for Q1 would have been $6.8M.The company introduces XmAb ® IL15 Bispecific Antibody Platform & Presented Preclinical Data on XmAb ® 24306 at American Association for Cancer Research Annual Meeting.Completes IPO, raising $245.5M & extending cash runway into 2023.Expect to Initiate Phase 3 Trial of XmAb ® 5871 in IgG4-Related Disease (IgG4-RD) and to Announce Initial Clinical Data from Two Ongoing Clinical Trials in 2H18.R&D was $26.1M (+74% Y/Y); Cash & equivalents 582.5M (+60.3% Q/Q).Guidance: Expects to have cash to fund R&D programs & operations into 2023. Expects to end 2018 with ~$500M in cash equivalents & marketable securities.Previously:Xencor misses by $0.16, misses on revenue (May 7)See all stocks on the move »Now read:JF's Core Biotech Buys #9: Shire In Play, Volatility Continues And Capitalizin Show less Read more
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