Financials
Cash Data
- Monthly Burn
- Burn Trend
- Dilution Risk
- SEC Filing
Key Stats
Upcoming Catalysts
FDA decisions, readouts and PDUFA dates · scored by probability of approval
ARGX Catalyst Timeline
Dated clinical, regulatory and corporate events for argenx SE
Catalyst Timeline
Dated clinical, regulatory & corporate events for argenx SE
Upcoming catalysts 2
Event history 50
Past FDA Catalysts and PDUFA Decisions
How ARGX actually traded into and out of each decision
| Date | Drug | Catalyst | Stage | Reaction | Event Move % | Best Trade % |
|---|---|---|---|---|---|---|
| 2026-11-11 | VYVGART Hytrulo (efgartigimod alfa and hyaluronidase-qvfc; efgartigimod PH20 SC) | Phase 3 data presentation | Phase 3 |
Drug Pipeline Intelligence
| Product | Revenue | Prior period | Change |
|---|---|---|---|
| VYVGART |
| Drug | Indication | Phase | PTRS | rNPV | Status | Enroll | Velocity | Design | Est. Completion | ML Signal | Last Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Empasiprubart BiologicsNCT06920004 | Chronic Inflammatory Demyelinating Polyneuropathy | Phase 3 | RECRUITING | 378 | Sep 1, 2030 | ||||||
| Empasiprubart BiologicsNCT06742190 | Multifocal Motor Neuropathy (MMN) | Phase 3 | ACTIVE NOT_RECRUITING | 214 | Dec 1, 2029 | ||||||
| Empasiprubart BiologicsNCT06284954 | Dermatomyositis | Phase 2 | ACTIVE NOT_RECRUITING | 3 | Nov 1, 2026 | ||||||
| ARGX-117 BiologicsNCT05907096 | Delayed Graft Function | Phase 2 | ACTIVE NOT_RECRUITING | 103 | May 1, 2030 | ||||||
| ARGX-117 BiologicsNCT05405361 | Multifocal Motor Neuropathy | Phase 2 | ACTIVE NOT_RECRUITING | 105 | Sep 30, 2029 | ||||||
| Empasiprubart BiologicsNCT07821762 | Guillain-Barré Syndrome (GBS) | Phase 2 | NOT YET_RECRUITING | 63 | Mar 1, 2029 | ||||||
| Empasiprubart BiologicsNCT07673627 | AChR-Ab Seropositive Generalized Myasthenia Gravis | Phase 2 | RECRUITING | 40 | Apr 1, 2028 | ||||||
| ARGX-121 BiologicsNCT07773727 | Immunoglobulin A Nephropathy (IgAN) | Phase 2 | RECRUITING | 120 | Feb 18, 2030 | ||||||
| Efgartigimod BiologicsNCT07194850 | Immune Thrombocytopenia (ITP) | Phase 2/3 | RECRUITING | 24 | Oct 1, 2030 | ||||||
| Efgartigimod PH20 SC BiologicsNCT04812925 | Primary Immune Thrombocytopenia | Phase 3 | ACTIVE NOT_RECRUITING | 380 | Oct 1, 2027 | ||||||
| Efgartigimod PH20 SC BiologicsNCT06684847 | Primary Sjogrens Disease | Phase 3 | ACTIVE NOT_RECRUITING | 631 | Jul 1, 2028 | ||||||
| Efgartigimod PH20 SC BiologicsNCT07570316 | Graves Disease | Phase 3 | RECRUITING | 460 | May 1, 2030 | ||||||
| Efgartigimod PH20 SC BiologicsNCT05979441 | Myositis | Phase 3 | ENROLLING BY_INVITATION | 240 | Sep 1, 2028 | ||||||
| Efgartigimod BiologicsMarketedNCT06298552 | Generalized Myasthenia Gravis | Approved | ACTIVE NOT_RECRUITING | 215 | Jun 1, 2028 | ||||||
| Efgartigimod PH20 SC Small MoleculesNCT06558279 | Myasthenia Gravis, Ocular | Phase 3 | ACTIVE NOT_RECRUITING | 141 | Dec 1, 2027 | ||||||
| Efgartigimod Small MoleculesMarketedNCT06765161 | Myasthaenia Gravis | Approved | RECRUITING | 30 | Jan 6, 2027 | ||||||
| Efgartigimod PH20 SC BiologicsNCT07583641 | Autoimmune Encephalitis (AE) | Phase 2 | NOT YET_RECRUITING | 170 | Jul 30, 2030 | ||||||
| Efgartigimod PH20 SC BiologicsNCT07760818 | Sjogrens Disease | Phase 2 | NOT YET_RECRUITING | 75 | Jul 28, 2029 | ||||||
| Efgartigimod PH20 SC Small MoleculesNCT06503731 | Antibody-mediated Rejection | Phase 2 | ACTIVE NOT_RECRUITING | 33 | Nov 1, 2027 | ||||||
| Efgartigimod PH20 SC Small MoleculesNCT06655155 | Systemic Sclerosis (SSc) | Phase 2 | ACTIVE NOT_RECRUITING | 87 | Oct 1, 2027 | ||||||
| Efgartigimod BiologicsMarketedNCT07284420 | AChR-Ab Seropositive Generalized Myasthenia Gravis | Approved | RECRUITING | 70 | Mar 7, 2028 | ||||||
| Cusatuzumab BiologicsNCT04150887 | Leukemia, Myeloid, Acute | Phase 2 | ACTIVE NOT_RECRUITING | 170 | May 15, 2027 | ||||||
| ARGX-119 BiologicsNCT07287982 | Spinal Muscular Atrophy (SMA) | Phase 2 | RECRUITING | 60 | May 28, 2029 | ||||||
| ARGX-119 BiologicsNCT06436742 | Congenital Myasthenic Syndrome | Phase 1 | ACTIVE NOT_RECRUITING | 15 | Jan 24, 2028 | ||||||
| ARGX-124 BiologicsNCT07377396 | Undisclosed | Phase 1 | RECRUITING | 104 | Dec 31, 2026 |
Clinical Trial Results
Readouts, endpoints and source filings for every ARGX program
| Drug Name | Indication | Phase | Date | Trial Results Summary | Title | Source |
|---|---|---|---|---|---|---|
| efgartigimod BreakthroughPriority | autoimmune myositis | Phase 3 | 2026-11-07 | primary result: 15.4-point improvement in Total Improvement Score at Week 52 compared to placebo; improvement IMNM: 14.8-point greater improvement in mean TIS versus placebo at Week 52; TIS 40: 22.0 percentage-point difference in achieving TIS ≥ 40 at Week 52; MMT 8: 5.4 points greater improvement in Manual Muscle Testing-8 versus placebo; CK reduction: 43.5 percentage-point greater reduction in CK levels from baseline versus placebo; CK grade: 0.9-grade greater reduction in CK gradeRead More | argenx Presents Phase 3 ALKIVIA Data at ACR Convergence 2026 Showing Rapid and Sustained Improvement with Efgartigimod in Autoimmune MyositisRead More |
Inside Trades
| Insider | Side | Shares | Price | Value | Date |
|---|---|---|---|---|---|
| No insider trades match the selected filters. | |||||
Hedge Fund 13F Activity
Hedge Funds invested in ARGX
| Fund | % of Portfolio | Current MV | Shares Owned | Activity |
|---|---|---|---|---|
| Avoro Capital Advisors LLC | 8.3 % (15.3 %) | 927.77 M | 1.00 M |
Ownership Trends
ARGX Short Interest
Shares sold short, counted twice a month.
Options Data
Option Volume
Option Chain Statistics
| Expiry | Call Vol | Put Vol | Vol P/C | Call OI | Put OI | OI P/C | IV Call | IV Call OI-Wtd | IV Call Vol-Wtd | IV Put | IV Put OI-Wtd | IV Put Vol-Wtd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-11-20 | ||||||||||||
Real-Time Option Chain
| Calls | Strike | Puts | ||||
|---|---|---|---|---|---|---|
| Last | Vol | OI | Last | Vol | OI | |
| No data available | ||||||
Calls vs Puts by Expiry
Competitive positioning
How ARGX ranks across every disease it competes in
ARGX News
argenx to Acquire Unnatural Products, Inc., Adding Peptide Discovery Engine to Broaden Immunology Capabilities
argenx announced its acquisition of Unnatural Products, Inc. for up to $1.15 billion. This deal enhances argenx's capabilities in immunology, particularly in developing oral and long-acting medicines. UNP will maintain its operations in Santa Cruz, California, preserving its culture and team. The acquisition is expected to close by year-end, pending customary conditions.
Read more →Unnatural Products to be Acquired by argenx for up to $1.15 Billion to Advance Next-Generation Medicines
argenx announced its acquisition of Unnatural Products, Inc. for up to $1.15 billion, including $550 million upfront. This acquisition aims to enhance argenx's capabilities in developing oral macrocyclic peptides. UNP will continue operations in Santa Cruz, contributing to argenx's innovation in immunology. The deal is expected to close by year-end, pending customary conditions.
Read more →argenx Presents Phase 3 ALKIVIA Data at ACR Convergence 2026 Showing Rapid and Sustained Improvement with Efgartigimod in Autoimmune Myositis
argenx presented data from the Phase 3 ALKIVIA study at ACR Convergence 2026, showing that efgartigimod significantly improved outcomes in patients with autoimmune myositis. The study met its primary endpoint, demonstrating a 15.4-point improvement in the Total Improvement Score at Week 52 compared to placebo. Efgartigimod was well tolerated, supporting its potential as the first targeted treatment for immune-mediated necrotizing myopathy.
Read more →argenx to Present at Upcoming Investor Conferences
argenx announced its participation in two upcoming investor conferences in November. The management team will engage in fireside chats at the Guggenheim 3rd Annual Healthcare Innovation Conference and the Jefferies London Global Healthcare Conference. Live webcasts of these presentations will be available on the company's website.
Read more →argenx Reports Third Quarter 2026 Financial Results and Provides Business Update
argenx reported strong third quarter 2026 results with $1.7 billion in net sales, a 54% increase year-over-year. The company is on track to submit a supplemental biologics license application for VYVGART in ocular myasthenia gravis by year-end. Upcoming Phase 3 data for empasiprubart in multifocal motor neuropathy is expected in December 2026.
Read more →argenx to Present Phase 3 ALKIVIA Results in Autoimmune Myositis as a Late-Breaking Oral Presentation at ACR Convergence 2026
argenx announced positive results from the Phase 3 ALKIVIA study, demonstrating that efgartigimod significantly improves symptoms in patients with autoimmune myositis, particularly IMNM and DM. The results will be presented as a late-breaking oral presentation at ACR Convergence 2026. The study achieved its primary endpoint, showing a substantial improvement in the Total Improvement Score compared to placebo.
Read more →argenx to Report Third Quarter 2026 Financial Results and Business Update on October 22, 2026
argenx has announced a conference call scheduled for October 22, 2026, to discuss its third quarter financial results and provide a business update. The call will be accessible via a live webcast and phone dial-in options. The company emphasizes its commitment to immunology innovation and the development of treatments for underserved diseases.
Read more →argenx Announces Positive Topline Results from Phase 2 Study of FB102 in Celiac Disease
argenx announced positive topline results from a Phase 2 study of FB102, a CD122 inhibitor, in adults with celiac disease. The study met its primary endpoint, showing a significant change in the villus height-to-crypt depth ratio compared to placebo. The safety profile was consistent with prior studies, and argenx plans to advance FB102 into Phase 3 development.
Read more →argenx Provides Update on Phase 3 UNITY Study of Efgartigimod SC in Sjögren's Disease
argenx SE has announced the discontinuation of its Phase 3 UNITY study of efgartigimod SC in Sjögren's disease, following a recommendation from an Independent Data Monitoring Committee. The study was halted for futility after an interim analysis indicated it could not meet its primary endpoint. Despite consistent safety profiles, this outcome is a setback for patients awaiting effective treatments.
Read more →argenx Presents New Data at AANEM and MGFA Scientific Session Showcasing Earlier and Sustained Treatment in MG and CIDP with VYVGART and Progress Across its Neuromuscular Pipeline
argenx presented new data at the AANEM and MGFA sessions, highlighting VYVGART's effectiveness in treating myasthenia gravis (MG) and chronic inflammatory demyelinating polyneuropathy (CIDP). The data showed significant improvements in ocular MG and sustained efficacy in patients without detectable anti-AChR antibodies. Additionally, real-world evidence indicated that earlier treatment with VYVGART leads to better patient outcomes.
Read more →argenx announces results of Extraordinary General Meeting of Shareholders and appointment of Thomas M. Brakel and Khurem Farooq as Non-Executive Directors
argenx SE announced the results of its Extraordinary General Meeting, appointing Thomas M. Brakel and Khurem Farooq as non-executive directors. The company emphasizes its commitment to scientific innovation and enhancing shareholder value. The appointments are seen as a strategic move to strengthen the Board as argenx aims for long-term growth and impact in immunology.
Read more →argenx Announces Positive Topline Results from Phase 3 ALKIVIA Trial of Efgartigimod in Autoimmune Myositis
argenx announced positive topline results from the Phase 3 ALKIVIA trial of efgartigimod in patients with autoimmune myositis. The study met its primary endpoint, demonstrating a significant improvement in the Total Improvement Score at 52 weeks. Efgartigimod showed consistent benefits across both IMNM and DM subtypes, marking a significant advancement in treatment options for these patients.
Read more →argenx announces Extraordinary General Meeting of Shareholders on September 17, 2026
argenx SE has announced an Extraordinary General Meeting of Shareholders scheduled for September 17, 2026, in Amsterdam. The meeting will focus on the proposed appointments of two new non-executive directors to the Board. Shareholders are encouraged to attend in person or vote by proxy, with detailed information available on the company's website.
Read more →argenx to Acquire Forte Biosciences, Inc., Adding First-in-Class Anti-CD122 Antibody, FB102, to Its Immunology Pipeline
argenx has announced its acquisition of Forte Biosciences for $77 per share, totaling approximately $2.2 billion. This strategic move aims to enhance argenx's immunology portfolio by adding FB102, a first-in-class anti-CD122 antibody. The acquisition reflects argenx's commitment to expanding its innovative treatment options in immunology.
Read more →argenx Reports Half Year 2026 Financial Results and Provides Second Quarter Business Update
argenx reported strong financial results for the second quarter of 2026, with $1.5 billion in global product net sales, marking a 60% increase year-over-year. The company successfully launched expanded indications for VYVGART and VYVGART Hytrulo, now covering all gMG serotypes. Key registrational study readouts are expected in the second half of 2026, supporting the company's growth strategy.
Read more →argenx to Report Half Year 2026 Financial Results and Second Quarter Business Update on July 23, 2026
argenx has announced a conference call scheduled for July 23, 2026, to discuss its half-year financial results and provide a business update for the second quarter. The call will be accessible via a webcast and various international dial-in numbers. The company focuses on developing treatments for severe autoimmune diseases.
Read more →argenx to Host Autoimmune Myositis R&D Webinar
argenx is hosting a webinar on June 23, 2026, focusing on autoimmune myositis and their advancements in FcRn leadership. The event will feature key opinion leaders from prestigious institutions discussing the latest research and developments. A live webcast will be available, along with supporting materials on their website.
Read more →argenx Presents New Efgartigimod Data Showing Long-Term Sustained Patient Benefit in Myositis and Sjogren’s Disease at EULAR 2026
Argenx presented new data on efgartigimod at EULAR 2026, demonstrating its long-term benefits in myositis and Sjogren's disease. The ALKIVIA+ study showed sustained improvements in myositis patients, while the RHO+ study confirmed maintenance of response in Sjogren's disease. Efgartigimod's safety profile remained consistent across various autoimmune conditions.
Read more →argenx to Host Myositis R&D Webinar on June 23, 2026
argenx announced a webinar titled 'R&D Spotlight: Advancing FcRn Leadership into Autoimmune Myositis' scheduled for June 23, 2026. This event is part of a mini-series aimed at showcasing the company's research and development strategy. The webinar will feature discussions on myositis, including disease biology and the ALKIVIA clinical program for efgartigimod.
Read more →