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MATSON, INC. ANNOUNCES THIRD QUARTER 2026 RESULTS AND RAISES FULL YEAR OUTLOOK
AUVELITY sales and expanding prescriptions lifted revenue 52% year over year, while Axsome narrowed its loss and topped Wall Street estimates.
Axsome Therapeutics reported $260 million in third-quarter 2026 revenue and a narrowed net loss of $12.9 million. This result marks a significant improvement from the prior year’s earnings performance.
Stronger sales of AUVELITY drove the revenue acceleration, with management citing expanded adoption as a primary factor behind the company’s improved financial results during the quarter.
Payer coverage remained stable at 89% of total lives, while the company added 8,200 new prescribers to reach a 77,000 total. Primary care emerged as the fastest-growing segment during the quarter.
Following pipeline progress, the FDA is reviewing the AXS-12 NDA for cataplexy in narcolepsy with a May 1, 2027, target date. Additionally, top-line results for the ENGAGE Phase III trial are expected in Q1 2027.
Projections show the product could generate at least $8 billion annually, reflecting projected adoption across depression and Alzheimer agitation indications. This potential confirms its role as a cornerstone of the long-term growth strategy.