Ovid Therapeutics Q1 2023 Earnings Report

Ovid Therapeutics EPS Results

• Actual EPS: -$0.19
• Consensus EPS: -$0.18
• Beat/Miss: Missed by -$0.01
• One Year Ago EPS: N/A

Ovid Therapeutics Revenue Results

• Actual Revenue: $0.07 million
• Expected Revenue: $0.06 million
• Beat/Miss: Beat by +$10.00 thousand
• YoY Revenue Growth: N/A

Ovid Therapeutics Announcement Details

• Quarter: Q1 2023
• Date: 5/5/2023
• Time: N/A

Ovid Therapeutics (NASDAQ:OVID), a biopharmaceutical company, engages in the development of impactful medicines for patients and families with epilepsies and seizure-related neurological disorders in the United States. The company is developing soticlestat, a novel cholesterol 24 hydroxylase inhibitor, which is in Phase 3 clinical trials for the potential treatment of patients with resistant epilepsies; OV329, a GABA aminotransferase inhibitor which is in Phase 1 clinical trials for the treatment of seizures associated with tuberous sclerosis complex and infantile spasms; and OV350, a small molecule direct activator of the KCC2 transporter, which is in Phase 1 clinical trials for treating epilepsies. It also develops OV815, that focuses on the mutations associated with KIF1A-associated neurological disorder (KAND); OV888 (GV101), a highly selective rock2 inhibitor which is in Phase 1 double-blind multiple-ascending dose trial; OV825, has advanced to potential candidate lead identification for the rare neurodevelopmental condition HNRNPH2 (Bain Syndrome); and OV882, a short hairpin RNA gene therapy for the treatment of Angelman syndrome. The company has license and collaboration agreements with Healx, AstraZeneca AB, H. Lundbeck A/S, Northwestern University, and Graviton, as well as Marinus Pharmaceuticals, Inc. The company was incorporated in 2014 and is headquartered in New York, New York.