Alpine Immune Sciences Inc (ALPN) Reports Q1 2024 Financials Amid Pending Acquisition by Vertex ...

GuruFocus.com05-11

Revenue: Reported Q1 2024 collaboration revenue of $7.0 million, down from $9.4 million in Q1 2023, and exceeded the estimate of $3.52 million. Net Loss: Q1 2024 net loss widened to $17.9 million from...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlpine Immune Sciences Inc (ALPN) Reports Q1 2024 Financials Amid Pending Acquisition by Vertex ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-11 00:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/alpine-immune-sciences-inc-alpn-164640028.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revenue: Reported Q1 2024 collaboration revenue of $7.0 million, down from $9.4 million in Q1 2023, and exceeded the estimate of $3.52 million.\nNet Loss: Q1 2024 net loss widened to $17.9 million from...</p>\n\n<a href=\"https://finance.yahoo.com/news/alpine-immune-sciences-inc-alpn-164640028.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/alpine-immune-sciences-inc-alpn-164640028.html","article_id":"2434586453","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/fBetrTTfsozztNbE2avbrA--~B/aD01NTc7dz0xMjQyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/10c2833457be8941aa4fd8a887613e5a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434586453","pubTimestamp":1715359600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Revenue: Reported Q1 2024 collaboration revenue of $7.0 million, down from $9.4 million in Q1 2023, and exceeded the estimate of $3.52 million.Net Loss: Q1 2024 net loss widened to $17.9 million from $13.3 million in Q1 2023, below the estimated net loss of $23.95 million.Research and Development Expenses: Increased to $22.5 million in Q1 2024, up from $19.6 million in the same period last year, driven by higher clinical trial and manufacturing costs.General and Administrative Expenses: Rose to $7.3 million in Q1 2024, from $5.4 million in Q1 2023, primarily due to increases in personnel costs and professional services.On May 9, 2024, Alpine Immune Sciences Inc , a prominent player in the field of immunotherapy for autoimmune and inflammatory diseases, disclosed its financial outcomes for the first quarter ending March 31, 2024. The details were released through an 8-K filing. This announcement comes in the wake of a significant development where Vertex Pharmaceuticals Incorporated agr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"阿尔卑斯免疫科学公司（ALPN）报告Q1 2024年财务状况，即将被Vertex收购...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VTNR":1,"ALPN":1,"VERX":1,"VRTX":1},"content_text":"Revenue: Reported Q1 2024 collaboration revenue of $7.0 million, down from $9.4 million in Q1 2023, and exceeded the estimate of $3.52 million.\nNet Loss: Q1 2024 net loss widened to $17.9 million from $13.3 million in Q1 2023, below the estimated net loss of $23.95 million.\nResearch and Development Expenses: Increased to $22.5 million in Q1 2024, up from $19.6 million in the same period last year, driven by higher clinical trial and manufacturing costs.\nGeneral and Administrative Expenses: Rose to $7.3 million in Q1 2024, from $5.4 million in Q1 2023, primarily due to increases in personnel costs and professional services.\nCash Position: Cash and investments totaled $362.4 million as of March 31, 2024, compared to $368.2 million at the end of 2023, with sufficient funding anticipated into 2026.\nEarnings Per Share: Basic and diluted net loss per share remained constant at $0.28 for both Q1 2024 and Q1 2023, above the estimated loss per share of $0.41.\n\n\nWarning! GuruFocus has detected 6 Warning Signs with ALPN.\n\nOn May 9, 2024, Alpine Immune Sciences Inc (NASDAQ:ALPN), a prominent player in the field of immunotherapy for autoimmune and inflammatory diseases, disclosed its financial outcomes for the first quarter ending March 31, 2024. The details were released through an 8-K filing. This announcement comes in the wake of a significant development where Vertex Pharmaceuticals Incorporated agreed to acquire Alpine for $65 per share in cash, a deal set to conclude in Q2 2024.\n  \nFinancial Highlights and Operational Insights\nAlpine Immune Sciences reported a collaboration revenue of $7.0 million for the quarter, a decrease from the $9.4 million recorded in the same period last year. This decline was primarily attributed to a reduction in revenue from Amgen, as key research programs neared completion. The company's research and development expenses saw an increase to $22.5 million, up from $19.6 million in Q1 2023, driven by escalated costs in clinical trials and manufacturing related to its RUBY studies.\nGeneral and administrative expenses also rose to $7.3 million from $5.4 million, reflecting higher personnel costs and professional services. Consequently, Alpine's net loss widened to $17.9 million from $13.3 million year-over-year. Despite these challenges, the company maintains a robust cash position, with cash and investments totaling $362.4 million as of March 31, 2024, deemed sufficient to support planned operations into 2026.\nStrategic Acquisition and Future Prospects\nThe impending acquisition by Vertex Pharmaceuticals marks a pivotal phase for Alpine, promising to enhance its capabilities and expand the reach of its innovative therapies. This strategic move is expected to provide Alpine with the resources needed to accelerate its clinical programs and potentially bring new treatments to market more swiftly.\nAnalysis of Financial Stability and Investor Outlook\nAlpine's substantial cash reserves and the strategic acquisition by Vertex suggest a positive outlook for the company's future, despite the current operational losses. The acquisition not only underscores the intrinsic value and potential of Alpines proprietary technologies but also enhances the financial stability of the company, providing a clearer path towards advancing its clinical programs and potential market entries.\nFor investors, the acquisition deal represents a significant premium on Alpine's current stock value, indicating potential lucrative outcomes for current shareholders pending the closure of the transaction.\nConclusion\nAlpine Immune Sciences continues to navigate the complexities of biopharmaceutical development with strategic acumen, backed by robust financial management and promising strategic alliances. As the company moves towards a new chapter under Vertex's umbrella, stakeholders can anticipate a strengthened focus on innovation and market presence in the immunotherapy space.\nFor more detailed insights and ongoing updates on Alpine Immune Sciences Inc (NASDAQ:ALPN) and the biotechnology industry, stay tuned to GuruFocus.com.\n Explore the complete 8-K earnings release (here) from Alpine Immune Sciences Inc for further details. 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