Regenxbio IncReceived $100M milestone and $108M offering, extending cash runway.

Regenxbio ended the second quarter of 2026 with cash, equivalents, and marketable securities of $106 million, and on a pro forma basis more than $310 million after receiving a $100 million milestone payment from AbbVie and approximately $108 million in net proceeds from a follow-on public offering, extending its cash runway into the fourth quarter of 2027. The company completed enrollment in the confirmatory study for RGX-202 ahead of schedule, with over 60 patients in pivotal and confirmatory trials, and the FDA confirmed that available data for RGX-121 is sufficient for review under accelerated approval with no additional studies required for BLA resubmission. Long-term data for sura-vec in wet AMD and diabetic retinopathy showed durable efficacy and safety, and the Phase 2B/3 NAVIGATE study for diabetic retinopathy was initiated. Top-line data for sura-vec in wet AMD is expected in the fourth quarter of 2026, while the BLA submission for RGX-202 is a multi-module process with the clinical module not expected to be complete until the first quarter of 2027. The US patent on Zolgensma has expired, reducing future royalty revenue from that product in the US, though coverage remains in about 20 countries outside the US and on Invisma worldwide.
Regenxbio IncReceived $100M milestone and $108M offering, extending cash runway.
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