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Xenon Pharmaceuticals Inc
NASDAQ:XENE

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Xenon Pharmaceuticals Inc
NASDAQ:XENE
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Price: 42.15 USD 2.26% Market Closed
Market Cap: 3.3B USD

Xenon Pharmaceuticals Inc
Investor Relations

Xenon Pharmaceuticals Inc. is a clinical-stage biopharmaceutical company spotlighted in the arena of precision medicine, with a strategic emphasis on neurological disorders. The company finds its roots in the ethos of innovation, aiming to transform the landscape of treatment through the development of novel therapeutics. At the heart of its operations is a robust platform driven by genetic insights, which allows the company to unearth underlying neurological pathways, thereby targeting diseases that truly lack effective treatment options. Xenon leverages its deep expertise in ion channel biology—vastly important in the function of the nervous system—to design small molecule therapies, positioning itself as a pioneer in addressing complex cerebral disorders such as epilepsy.

A key aspect of how Xenon Pharmaceuticals generates revenue is through a dual approach: self-initiated proprietary product development and strategic collaborations with established pharmaceutical giants. Its revenue model is largely propelled by both developmental milestone payments and potential royalties from these alliances. This includes partnerships that allow Xenon to share its innovative platform while receiving financial backing and resources, ensuring the infrastructural strength needed to sustain its clinical programs. By maintaining a pipeline that promises targeted, personalized treatments, Xenon aims not only to meet clinical milestones but to also carve out significant market share within the neuroscience domain, paving its path to profitability and industry impact.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 3, 2025
AI Summary
Q3 2025

X-TOLE2 Enrollment: Xenon completed randomization in its Phase III X-TOLE2 study of azetukalner for focal onset seizures, enrolling 380 patients—above the target of 360—which should enhance study power.

Data Timeline: Top line data from X-TOLE2 is expected in early 2026, with NDA filing planned if results are positive.

Pipeline Progress: Phase III studies are underway for azetukalner in both major depressive disorder (MDD) and bipolar depression, alongside ongoing expansion into pain with two early-stage ion channel modulators now in Phase I.

Financial Position: As of September 30, 2025, Xenon had $555.3 million in cash and equivalents, and expects to have sufficient funds to operate into 2027.

Commercial Preparation: Xenon has begun targeted commercial investments in anticipation of potentially launching azetukalner, with the bulk of launch-related expenses expected after 2026.

Key Financials
Cash, cash equivalents and marketable securities
$555.3 million
Cash, cash equivalents and marketable securities (Previous Year End)
$754.4 million
X-TOLE2 Study Enrollment
380 patients
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ian C. Mortimer C.M.A., CPA, M.B.A.
President, CEO & Director
No Bio Available
Ms. Sherry Aulin C.A., CPA
Chief Financial Officer
No Bio Available
Dr. Robin P. Sherrington Ph.D.
Executive Vice President of Strategy & Innovation
No Bio Available
Dr. Christopher E. Von Seggern M.B.A., M.P.H., M.P.H. M.B.A, Ph.D.
Chief Commercial Officer
No Bio Available
Dr. Christopher John Kenney M.D.
Chief Medical Officer
No Bio Available
Ms. Andrea DiFabio J.D.
Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. Shelley McCloskey B.A.
Executive Vice President of Human Resources
No Bio Available
Dr. James R. Empfield Ph.D.
Executive Vice President of Drug Discovery
No Bio Available
Ms. Sheila M. Grant M.B.A., M.Sc., MBA
Executive Vice President of R&D Operations
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Burnaby
3650 Gilmore Way
Contacts
+16044843300.0
www.xenon-pharma.com