Axsome: Q3 Earnings Snapshot – WTOP News
The Dutch healthcare company beat third-quarter profit forecasts as it set aside €288 million for a possible U.S. settlement tied to its sleep device recall.
- Axsome Therapeutics reported strong Q3 2026 results, with revenue accelerating behind AUVELITY's expansion into Alzheimer's disease agitation and depression, pushing the company to a $1 billion annualized revenue run-rate.
- Primary care adoption drove this expansion, as the total number of prescribers reached 77,000. With primary care now representing 40% of the base and 25% of prescriptions, the drug successfully reaches broader markets beyond specialists.
- Reported financial results included a narrowed net loss of $12.9 million. The quarter also saw $26.4 million in stock-based compensation expenses, reflecting the firm's ongoing investment in talent and commercial operations.
- Payer coverage remained robust at approximately 89% of total lives. This extensive network ensures broad access for patients across key depression and agitation indications, supporting the company's long-term commercial goals and patient reach.
- By May 1, 2027, the FDA is expected to reach a decision on AXS-12. The firm projects the treatment will eventually reach at least $8 billion in peak annual revenue across its approved indications.
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