Voyager Therapeutics Inc. reported collaboration revenue of $13.4 million for the third quarter of 2025, down from $24.6 million in the same period of 2024, primarily due to lower revenue recognized under the 2022 Novartis Option and License Agreement. As of September 30, 2025, the company held cash, cash equivalents, and marketable securities totaling $229 million and expects this to fund operations into 2028. During the period, Novartis discontinued two discovery-stage programs, with rights to these targets returning to Voyager; however, partnered programs for Huntington's disease, spinal muscular atrophy, and another undisclosed target continue to advance.
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