Ovid Therapeutics reports Q2 EPS 12c, consensus (22c)

Reports Q2 revenu e$169,000, consensus $70,000. “Following Takeda’s unexpected Phase 3 results for soticlestat, we moved rapidly to focus our resources to preserve capital. This approach included restructuring the organization and initiating ongoing program prioritization efforts to support the achievement of meaningful clinical and regulatory milestones within our financial plan,” explained Dr. Jeremy Levin, D. Phil, MB BChir., Chairman and CEO. “We are thrilled that our current pipeline remains on track to deliver anticipated results. To further our strategic objectives, we welcomed Dr. Amanda Banks as our Chief Development Officer. Her expertise, along with the expanded Scientific Advisory Board, will enhance our ability to capitalize on therapeutic opportunities and prioritize efforts where we can most benefit patients.”