Intra-Cellular Therapies (ITCI) Tops Q3 EPS by 21c, Revenues Beat

Intra-Cellular Therapies (NASDAQ: ITCI) reported Q3 EPS of ($0.79), $0.21 better than the analyst estimate of ($1.00). Revenue for the quarter came in at $7.37 million versus the consensus estimate of $5.86 million.

“Our Company is in a strong position. CAPLYTA is approved for the treatment of schizophrenia in adults and I am pleased with the prescription growth of CAPLYTA as we continue to provide this important medicine to patients. In addition, we have a broad development plan for lumateperone in other major neuropsychiatric conditions. We are soon submitting an sNDA for lumateperone for a second major indication, bipolar depression and initiating late stage studies in adjunctive MDD and in major depressive episodes with mixed features in patients with either bipolar disorder or MDD,” said Dr. Sharon Mates, Chairman and CEO of Intra-Cellular Therapies. “Our robust pipeline including our LAI formulation of lumateperone, ITI-214 and ITI-333 continue to advance and we are well capitalized to fund our commercial activities and development programs.”

For earnings history and earnings-related data on Intra-Cellular Therapies (ITCI) click here.

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