uniQure Announces First Quarter 2026 Financial Results and Provides Recent Company Updates
~ Advancing FDA interactions on AMT-130 for Huntington’s disease; Type B meeting scheduled for the second quarter of 2026 ~
~ Progressing AMT-130 toward expected
~ Enrollment in AMT-260 temporal lobe epilepsy program on track; clinical update from first cohort in Phase I/IIa study to be presented at the
~ Presented updated data from AMT-191 Phase I/IIa in Fabry disease study showed sustained increases in α-Gal A Enzyme Activity and stable Lyso-Gb3 levels; subsequently all 11 dosed patients have discontinued enzyme replacement therapy ~
~ Strong balance sheet with
~ uniQure to host earnings call at
“During the first quarter of 2026, we remained focused on advancing AMT-130 to patients globally as rapidly as possible while executing across our broader pipeline,” said
“We expect to deliver key clinical updates throughout 2026, including data from our AMT-260 program in refractory mesial temporal lobe epilepsy later in the second quarter and four-year AMT-130 data analysis in the third quarter,”
Recent Company Developments and Updates
Advancing AMT-130 for the treatment of Huntington’s disease
- The Company held a Type A meeting with the
U.S. Food and Drug Administration (FDA) inJanuary 2026 to discuss the regulatory path forward following anOctober 2025 pre-Biologics License Application (BLA) meeting. Following receipt of final meeting minutes from the Type A meeting, the Company announced that the FDA stated it cannot agree that data from the Phase I/II studies, compared to an external control, are sufficient to provide the primary evidence of effectiveness required to support a marketing application for AMT-130. - The Company has been granted a Type B meeting with the FDA and plans to discuss key elements of a new clinical trial design and to solicit feedback on the proposed statistical analysis plan for the four-year data expected in the third quarter of 2026.
- Following a constructive pre-submission meeting with the United Kingdom’s (
UK ) Medicines and Healthcare products Regulatory Agency (MHRA), the Company expects to submit a Marketing Authorization Application (MAA) for AMT-130 based on three-year data in the third quarter of 2026.
Continued clinical progress in pipeline programs
AMT-260 for the treatment of refractory mesial temporal lobe epilepsy (MTLE)
- In 2025, the Company completed enrollment in the first dose cohort of six patients in the Phase I/IIa study. Enrollment is ongoing in a second dose cohort, expected to include an additional six patients. Enrollment of the second cohort is expected to be completed in mid-2026.
- The Company expects to provide data from the first cohort of six patients in the Phase I/IIa study with up to six months of follow-up at the
Epilepsy Foundation Pipeline Conference ,June 18 -19, 2026 .
AMT-191 for the treatment of Fabry disease
- In February 2026, the Company presented updated safety and exploratory efficacy data from the Phase I/II study of AMT-191 in Fabry disease (data cutoff as of
January 8, 2026 ):
- Dose-dependent elevations were observed across 11 patients in three dose levels with α-Gal A activity ranging from 0.34- to 82.2-fold above mean normal range1 at the lowest dose, 1.6- to 312.5-fold at the mid dose, and 27.7- to 223.7-fold at the highest dose. These increases were durable across follow-up periods ranging from four months to more than one year.
- Plasma lyso-Gb3 levels were stable post-dose across all cohorts, regardless of enzyme replacement therapy (ERT) status.
- Dose-dependent elevations were observed across 11 patients in three dose levels with α-Gal A activity ranging from 0.34- to 82.2-fold above mean normal range1 at the lowest dose, 1.6- to 312.5-fold at the mid dose, and 27.7- to 223.7-fold at the highest dose. These increases were durable across follow-up periods ranging from four months to more than one year.
- As of
February 18, 2026 , all 11 dosed patients were withdrawn from ERT. - AMT-191 continued to show a manageable safety profile at all dose levels. No SAEs related to AMT-191 were observed at the 4x1013 gc/kg and 2x1013 gc/kg doses. No additional SAEs were observed at the 6x1013 gc/kg dose beyond the five previously reported in
September 2025 in two patients. - Per protocol, additional dosing in the mid- and high-dose cohorts has been paused pending further evaluation of asymptomatic Grade 3 liver enzyme elevations reported in two patients from the mid-dose cohort, which were confirmed as dose-limiting toxicities.
AMT-162 for the treatment of SOD1 amyotrophic lateral sclerosis (ALS)
- In 2025, the Company voluntarily paused enrollment in the Phase I/II EPISOD1 multi-center, open-label
U.S. trial of AMT-162 for the treatment of SOD1-ALS, following an Independent Data Monitoring Committee review of available preliminary safety and efficacy data, including a SAE determined to be a dose-limiting toxicity observed in one patient in the second cohort. Following review of the preliminary efficacy and safety data generated from EPISOD1, the decision was made to discontinue development of AMT-162. Safety data will continue to be collected from the five patients dosed in EPISOD1, consistent with applicable safety and regulatory requirements.
Focused execution and strong financial position
- In
April 2026 , uniQure,CSL Behring and Genezen entered into agreements under which uniQure’s remaining HEMGENIX® supply and any minimum purchase commitments will terminate after delivery of contractually specified batches toCSL Behring , which uniQure expects to occur in mid-2026. Concurrently,CSL Behring entered into a direct relationship with Genezen as the supplier of HEMGENIX®. These agreements have no impact on future royalties or milestones to uniQure under the license agreement withCSL Behring . - As of
March 31, 2026 , the Company had cash, cash equivalents and current investment securities of$586.6 million . The Company expects that cash, cash equivalents and investment securities will be sufficient to fund operations into the second half of 2029.
Financial Highlights
Cash Position: As of
Revenues: Revenue for the three months ended
R&D Expenses: Research and development expenses were
SG&A Expenses: Selling, general and administrative expenses were
Other Income: Other income was
Other Expense: Other expense was
Other non-Operating Items, net: Other non-operating items, net was an expense of
Net loss: The net loss for the three months ending
Upcoming investor events:
- 2026
RBC Capital Markets Global Healthcare Conference ,May 19th –New York, NY
Investor Conference Call and Webcast Information
uniQure management will host an investor conference call and webcast today, Tuesday, May 5th at 8:30 a.m. ET. The event will be webcast under the Events & Presentations section of uniQure’s website at https://www.uniqure.com/investors-media/events-presentations, and following the event a replay will be archived for 90 days. Analysts wishing to participate in the question and answer session should access the live call by dialing (646) 307-1963 or toll-free (800) 715-9871 and entering conference ID 4607289. If you are joining the conference call, please join 15 minutes before the start time.
About uniQure
uniQure is delivering on the promise of gene therapy – single treatments with potentially curative results. The approvals of uniQure’s gene therapy for hemophilia B – an historic achievement based on more than a decade of research and clinical development – represent a major milestone in the field of genomic medicine and ushers in a new treatment approach for patients living with hemophilia. uniQure is now advancing a pipeline of proprietary gene therapies for the treatment of patients with
uniQure Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," “establish,” "estimate," "expect," "goal," "intend," "look forward to", "may," "plan," "potential," "predict," "project," “seek,” "should," "will," "would" and similar expressions. Forward-looking statements are based on management's beliefs and assumptions and on information available to management only as of the date of this press release. Examples of these forward-looking statements include, but are not limited to, statements concerning: the Company’s cash runway and its ability to fund its operations into the second half of 2029; the Company’s ability and plans to strategically advance its programs; the Company’s plans and timing with respect to future interactions with regulatory authorities and regulatory updates related to AMT-130, including the Company’s plans to continue engaging with the FDA and have a Type B meeting regarding a potential new clinical trial design and statistical analysis plan for the four-year analysis of AMT-130, and the Company’s plans to submit a MAA to the MHRA in the third quarter of 2026; the potential for AMT-130 to change the treatment landscape for Huntington’s disease; the Company’s plans to enroll an additional six patients in a second cohort in the Phase I/IIa study for AMT-260 by mid-2026; the Company’s plans to provide further clinical updates, including plans to announce additional data from the Company’s AMT-260 program in
| uniQure Contacts: | |
| FOR INVESTORS: | FOR MEDIA: |
Direct: 781-491-4371 Mobile: 617-306-9137 c.russo@uniQure.com |
Direct: 339-970-7558 Mobile:339-223-8541 t.malone@uniQure.com |
| uniQure N.V. UNAUDITED CONSOLIDATED BALANCE SHEETS |
||||||
| 2026 | 2025 | |||||
| (in thousands, |
||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 139,994 | $ | 80,240 | ||
| Current investment securities | 446,556 | 542,301 | ||||
| Accounts receivable | 3,562 | 5,863 | ||||
| Prepaid expenses | 16,589 | 20,506 | ||||
| Other current assets and receivables | 9,043 | 7,076 | ||||
| Total current assets | 615,744 | 655,986 | ||||
| Non-current assets | ||||||
| Property, plant and equipment, net | $ | 12,014 | $ | 13,800 | ||
| Other investments | 30,150 | 30,237 | ||||
| Operating lease right-of-use assets | 12,261 | 12,525 | ||||
| Intangible assets, net | 69,990 | 72,790 | ||||
| 24,811 | 25,355 | |||||
| Deferred tax assets, net | 8,194 | 8,654 | ||||
| Other non-current assets | 5,542 | 5,561 | ||||
| Total non-current assets | 162,962 | 168,922 | ||||
| Total assets | $ | 778,706 | $ | 824,908 | ||
| Current liabilities | ||||||
| Accounts payable | $ | 4,399 | $ | 5,170 | ||
| Accrued expenses and other current liabilities | 43,201 | 41,292 | ||||
| Liability related to pre-funded warrants | 8,605 | 12,595 | ||||
| Current portion of operating lease liabilities | 2,992 | 3,862 | ||||
| Total current liabilities | 59,197 | 62,919 | ||||
| Non-current liabilities | ||||||
| Long-term debt | 49,942 | 49,699 | ||||
| Liability from royalty financing agreement | 482,334 | 473,199 | ||||
| Operating lease liabilities, net of current portion | 10,388 | 9,832 | ||||
| Contingent consideration | 17,029 | 18,736 | ||||
| Deferred tax liability, net | 7,796 | 7,967 | ||||
| Other non-current liabilities, net of current portion | 2,677 | 3,655 | ||||
| Total non-current liabilities | 570,166 | 563,088 | ||||
| Total liabilities | 629,363 | 626,007 | ||||
| Shareholders' equity | ||||||
| Total shareholders' equity | 149,343 | 198,901 | ||||
| Total liabilities and shareholders' equity | $ | 778,706 | $ | 824,908 | ||
| uniQure N.V. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS |
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| Three months ended |
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| 2026 | 2025 | ||||||
| (in thousands, |
|||||||
| Total revenues | $ | 3,562 | $ | 1,567 | |||
| Operating expenses: | |||||||
| Cost of license revenues | (219 | ) | (197 | ) | |||
| Research and development expenses | (29,176 | ) | (36,140 | ) | |||
| Selling, general and administrative expenses | (20,068 | ) | (10,908 | ) | |||
| Total operating expenses | (49,463 | ) | (47,245 | ) | |||
| Other income | 1,632 | 8,306 | |||||
| Other expense | (1,451 | ) | (1,959 | ) | |||
| Loss from operations | (45,720 | ) | (39,331 | ) | |||
| Non-operating items, net | (7,327 | ) | (3,810 | ) | |||
| Loss before income tax expense | $ | (53,047 | ) | $ | (43,141 | ) | |
| Income tax expense | (488 | ) | (496 | ) | |||
| Net loss | $ | (53,535 | ) | $ | (43,637 | ) | |
| Basic and diluted net loss per ordinary share | $ | (0.85 | ) | $ | (0.82 | ) | |
| Weighted average shares used in computing basic and diluted net loss per ordinary share | 62,742,847 | 53,110,580 | |||||
1 Normal range (1.38 – 8.66 nmol); mean normal of 3.57 nmol