XENE

Xenon Pharmaceuticals Inc.

Ticker: XENEHealthcarePharmaceutical Preparations
HQ BURNABYCIK 1582313FY end 12-31Book / share $13.29Shares 93M
Revenue (FY)
$7.50M
TTM $0.00M
Op. margin
-4974.27%
Net income
$-345.91M-47.62%
TTM $-409.20M
Operating cash
$-279.12M-53.88%
TTM $-337.52M
Free cash flow
$-279.92M-51.75%
TTM $-338.53M
Return on equity
-59.46%-28.42%
TTM -32.94%
Debt / equity
Shares outstanding
79.3M+1.74%
TTM 93.5M

The business

Xenon Pharmaceuticals Inc. (NASDAQ: XENE) is a neuroscience-focused biopharmaceutical company dedicated to the discovery, clinical development, and commercialization of innovative therapeutics for patients with neurological and psychiatric disorders. The company's website is www.xenonpharma.com.

The company's pipeline is led by azetukalner, a novel potassium channel opener in late-stage clinical development for multiple indications. Azetukalner is being evaluated in Phase 3 studies for focal onset seizures and primary generalized tonic-clonic seizures in epilepsy, as well as for major depressive disorder and bipolar depression. The company's Phase 2b X-TOLE study demonstrated that azetukalner achieved statistically significant reductions in monthly focal seizure frequency across all tested doses compared to placebo, with the 25 mg dose showing a median 52.8% reduction. The company's early-stage pipeline includes next-generation ion channel modulators targeting Kv7 potassium channels and Nav sodium channels for pain and other neurological indications, including programs for Dravet syndrome and acute pain.

Xenon's business strategy centers on leveraging its discovery capabilities, which are founded on understanding channelopathies combined with proprietary biology and medicinal chemistry assets. The company pursues a combination of internal development and selective collaborations to expand its capabilities and commercial opportunities. A significant partnership with Neurocrine Biosciences, established in December 2019, involves the development of sodium channel inhibitors, with NBI-921355 progressing into Phase 1 clinical studies.

The company maintains a comprehensive intellectual property portfolio with eight U.S. issued patents and 36 foreign issued patents specifically covering azetukalner, with patent protection expected through 2046. Xenon also holds intellectual property related to selective Nav inhibitors and other ion channel programs. As an accelerated filer with the Securities and Exchange Commission, the company is subject to standard public company reporting requirements and maintains internal controls over financial reporting.

Sector
Healthcare
Industry
Pharmaceutical Preparations
HQ
BURNABY
FY end
12-31
CIK
1582313
SIC
2834
Financial performance · annual
20142025
$-453.33M$-320.92M$-188.51M$-56.11M$76.30M201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Xenon Pharmaceuticals Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

325
funds hold it
1 of 35
superinvestors hold it
$2.30B
fund-held value
40.7%
of shares held by funds

Top fund holders

Fund% of fundValue
SMALLCAP World Fund Inc
SMCWX
0.20%$188.60M
iShares Russell 2000 ETF
IWM · iShares Trust
0.18%$152.08M
VANGUARD HEALTH CARE FUND
VGHCX · VANGUARD SPECIALIZED FUNDS
0.41%$149.97M
Strategic Advisers Fidelity U.S. Total Stock Fund
FCTDX · Fidelity Rutland Square Trust II
0.04%$106.05M
T. Rowe Price Capital Appreciation Fund
PRWCX · T. ROWE PRICE CAPITAL APPRECIATION FUND, INC.
0.11%$76.94M

Superinvestors in Xenon Pharmaceuticals Inc.

Stanley DruckenmillerUNCHANGED
Duquesne Family Office
0.3%

Share of each manager's reported 13F portfolio.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of statements, narrative and filings — queryable over MCP.

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15 years of Xenon Pharmaceuticals Inc.'s financials

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