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flag Insider sold shares amid company loss, trial success, and funding boost.

flag On March 13, 2026, an insider at Xenon Pharmaceuticals (NASDAQ:XENE) sold 1,342 shares at $55.23, reducing ownership by 15.53%, while CEO Ian Mortimer previously sold 7,308 shares. flag The company reported a Q4 loss of $1.31 per share, missing estimates, and analysts project a full-year loss of $3.10. flag Despite this, the Phase 3 X-TOLE2 trial for XEN1101 (azetukalner) in epilepsy was completed, supporting a planned NDA filing. flag A $747.5 million upsized public offering extended the cash runway, and institutional ownership rose to 95.45%. flag The stock closed at $55.23 with elevated volume, and analysts maintain a consensus “Buy” rating with a $71.94 target, though insider sales have raised investor concerns.

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