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Ascendis Pharma(ASND) - 2024 Q4 - Annual Report
2025-02-12 20:24
(CVR-nr. 29918791) (Registration no 29918791) Name, Registered Office and Objects of the Company: Articles of Association of Ascendis Pharma A/S Exhibit 1.1 REF. K003583-0002 – 2788-8926-9516.v.2 11 February 2025 Article 1 The object of the company is to develop ideas and preparations for the combating of disease medically, to manufacture and sell such preparations or ideas, to own shares of companies with the same objects and to perform activities in natural connection with these objects. Company Capital a ...
Ascendis Pharma to Report Full Year 2024 Financial Results and Provide Business Update on February 12, 2025
Newsfilter· 2025-02-05 21:01
COPENHAGEN, Denmark, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (NASDAQ:ASND) today announced it will report full year 2024 financial results and provide a business update on Wednesday, February 12, 2025, after the close of the U.S. financial markets. Ascendis Pharma will also host a conference call and live webcast on February 12, 2025, at 4:30 p.m. Eastern Time (ET) to discuss 2024 financial results. Those who would like to participate may access the live webcast here, or register in advance fo ...
Ascendis-Novo Weight Loss Deal Highlights Technology Platform, Signals Growth Potential (Rating Upgrade)
Seeking Alpha· 2025-01-29 16:25
I’m a stock analyst with an MBA and a background in healthcare, bringing years of experience as a Registered Nurse dedicated to patient care. I've had the privilege of sharing my insights on Seeking Alpha since 2017. I am most interested in identifying underlying assumptions in stock valuations by emphasizing financial modeling techniques like DCF analysis. I then provide scenario-based forecasts to help readers gauge reasonable outcomes. I am influenced by books like Superforecasting and Antifragile. As su ...
Ascendis Pharma: Danish Blockbuster Hunter
Seeking Alpha· 2025-01-29 05:31
This is my first Ascendis Pharma ( ASND ) article. I became interested in this name as a consequence of researching my recent article on BioMarin ( BMRN ). As it turns out Ascendis isWriting under the pseudonym "out of ignorance", I very much regard investing as a learning process. Investing failures are tuition paid. Investing successes enter the trove of lessons learned. In my Seeking Alpha articles I share my experience from decades of investing and from ~5 years of focused research on a variety of stock ...
Ascendis Pharma Provides Business and Strategic Roadmap Update at 43rd Annual J.P. Morgan Healthcare Conference
Newsfilter· 2025-01-12 22:00
Business and Strategic Roadmap - Ascendis Pharma is positioned for rapid revenue growth driven by the launch of its first two Endocrinology Rare Disease medicines, SKYTROFA and YORVIPATH, and planned filings for its third product, TransCon CNP for achondroplasia [2] - The company's expanding TransCon technology platform and partnerships demonstrate a business model focused on fast, successful drug development, aiming to create substantial stakeholder value [2] Key Updates and Milestones TransCon hGH (SKYTROFA) - SKYTROFA full-year 2024 revenue expected to be ~€202 million, excluding sales deductions related to prior years [3][7] - U.S. SKYTROFA volume (mg) increased 84% year-over-year in 2024, capturing an estimated 6.5% market share of the total U.S. growth hormone market [3] - PDUFA goal date of July 27, 2025, for FDA review of supplemental BLA for adult growth hormone deficiency treatment, with a planned U.S. commercial launch in Q4 2025 [3] - Plan to submit an IND application or similar for a basket trial evaluating TransCon hGH in additional indications during Q3 2025 [3] TransCon PTH (YORVIPATH) - YORVIPATH full-year 2024 unaudited preliminary revenue estimate of ~€29 million [3][7] - Commercially available in Germany and Austria since January 2024, with ~700 patients on treatment in Europe Direct and International Markets by the end of 2024 [3] - Available for prescription in the U.S. since late December 2024, with 324 patients enrolled in the Ascendis Signature Access Program or direct with specialty pharmacy as of January 9, 2025 [3] - Expect commercial launch in at least five additional Europe Direct countries in 2025 [3] TransCon CNP (navepegritide) - Plan to submit NDA for the treatment of children with achondroplasia in Q1 2025 and Marketing Authorisation Application to the European Medicines Agency in Q3 2025 [3] - New data from the ApproaCH Trial showed significant improvements in leg bowing with TransCon CNP compared to placebo [3] - Topline Week 26 results from Phase 2 COACH Trial expected in Q2 2025 [3] - Plan to submit an IND or similar for the treatment of hypochondroplasia in Q4 2025 [3] Expanding the TransCon Platform & Pipeline - Development of a new TransCon protein degrader platform designed to enable efficient clearance of hormones, cytokines, and other targets [3] - First planned TransCon protein degrader product candidate aims to normalize excess FGF-23 hormone levels for patients with X-linked hypophosphatemia [3] Financial Update - Unaudited preliminary estimate of total full-year 2024 product revenue of ~€226 million [3] - Total full-year 2024 revenue, including a $100 million Novo Nordisk milestone payment, estimated at ~€364 million [7] - Pro forma cash balance as of December 31, 2024, estimated at ~€655 million, including the expected Novo Nordisk payment [7] Presentation at J.P. Morgan Healthcare Conference - Ascendis Pharma's President and CEO Jan Mikkelsen will present the business and strategic roadmap update at the 43rd Annual J.P. Morgan Healthcare Conference on January 13, 2025 [1][4] - A live webcast of the event will be available on the company's Investor Relations website, with a replay accessible for 30 days [4]
Ascendis Pharma to Participate in the 43rd Annual J.P. Morgan Healthcare Conference
Globenewswire· 2025-01-06 13:30
COPENHAGEN, Denmark, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (Nasdaq: ASND) today announced that company executives will participate in the 43rd Annual J.P. Morgan Healthcare Conference on Monday, January 13, 2025, at 11:15 a.m. Eastern Time / 8:15 a.m. Pacific Time in San Francisco, California. A live webcast of the presentation will be available via the Investors & News section of the Ascendis Pharma website at investors.ascendispharma.com. A webcast replay will also be available on this web ...
YORVIPATH® (Palopegteriparatide) Now Commercially Available in the United States for the Treatment of Hypoparathyroidism in Adults
Globenewswire· 2024-12-19 13:30
COPENHAGEN, Denmark, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (Nasdaq: ASND) today announced that YORVIPATH® (palopegteriparatide; developed as TransCon PTH) is now commercially available by prescription in the United States. YORVIPATH is a prodrug of parathyroid hormone (PTH [1-34]), administered once-daily, designed to provide continuous exposure to active PTH over the 24-hour dosing period. It is the first and only medicine approved by the U.S. Food & Drug Administration (FDA) for the treatm ...
New InsiGHTS Trial of TransCon™ hGH (Lonapegsomatropin) in Turner Syndrome Achieved Primary Objective at Week 26
Newsfilter· 2024-12-16 13:30
- Results for all three TransCon hGH starting dose cohorts, in first clinical trial of an indication outside of growth hormone deficiency, showed a safety and tolerability profile comparable to daily somatropin - Annualized height velocity was similar at Week 26 in once-weekly TransCon hGH-treated and daily somatropin-treated children COPENHAGEN, Denmark, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (NASDAQ:ASND) today announced positive Week 26 topline results from New InsiGHTS, its Phase 2 rando ...
FDA Accepts Ascendis Pharma’s Supplemental Biologics License Application for TransCon™ hGH for the Treatment of Adults with Growth Hormone Deficiency
GlobeNewswire Inc.· 2024-12-12 21:01
COPENHAGEN, Denmark, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (Nasdaq: ASND) today announced that the U.S. Food & Drug Administration (FDA) has accepted for review its supplemental Biologics License Application (sBLA) in adult growth hormone deficiency (GHD) for TransCon hGH (lonapegsomatropin-tcgd; marketed as SKYTROFA® for pediatric GHD). The FDA set a Prescription Drug User Fee Act (PDUFA) goal date of July 27, 2025. “This marks another step towards achieving our objective to expand SKYTROFA ...
Ascendis Pharma(ASND) - 2024 Q3 - Earnings Call Transcript
2024-11-15 03:53
Financial Data and Key Metrics Changes - Product revenues have significantly increased, with SKYTROFA volume rising over 60% year-over-year in Q3 2024, although reported revenue was EUR 47.2 million compared to EUR 47 million in Q3 2023 due to higher sales deductions [32][34] - Total revenue for Q3 was EUR 57.8 million, including EUR 2.1 million from services and license revenue [37] - Cash, cash equivalents, and marketable securities totaled EUR 626 million at the end of Q3 2024, up from EUR 399 million at the end of 2023 [41] Business Line Data and Key Metrics Changes - SKYTROFA's revenue for the first nine months of 2024 totaled EUR 138.5 million, a 21% increase year-over-year [34] - YORVIPATH revenue outside the US increased over 60% to EUR 8.5 million in Q3, driven by growing demand [36] - The company expects full-year 2024 SKYTROFA revenue to be between EUR 200 million and EUR 220 million, excluding prior year sales deductions [42] Market Data and Key Metrics Changes - SKYTROFA penetration in the overall treated growth hormone market was approximately 6% by the end of Q3 2024, with daily growth hormone products representing about 85% of total US prescriptions [35] - The market for YORVIPATH is estimated to have around 70,000 to 90,000 adults with hypoparathyroidism in the US [10] Company Strategy and Development Direction - The company aims to expand SKYTROFA's label to include adult growth hormone deficiency and to successfully launch YORVIPATH in the US and Europe [31] - A new partnership with Novo Nordisk is expected to enhance the TransCon technology platform, targeting obesity and type 2 diabetes [24][25] - The company is focused on achieving blockbuster status for its endocrinology programs and expanding its market share [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining patient retention for YORVIPATH due to its unique therapeutic profile and alignment with treatment guidelines [44][60] - The goal of achieving operating cash flow breakeven by the end of 2025 remains intact, supported by current cash reserves [48] - Management highlighted the strong position of SKYTROFA in a consolidating market, with expectations for continued growth [15][56] Other Important Information - The company has a robust supply chain for YORVIPATH, ensuring no patient will be unable to receive their prescription [111] - The company is preparing for the imminent launch of YORVIPATH in the US, with product availability expected in mid-January 2025 [16][42] Q&A Session Summary Question: Confidence in retaining patients for YORVIPATH amid competition - Management emphasized the unique replacement therapy characteristics of YORVIPATH, which are unmatched by competitors [44][45] Question: Expectation to reach operating cash flow breakeven by end of 2025 - Management confirmed that this remains the goal, supported by current cash and equivalents [48] Question: Update on CNP preparation for FDA meeting - Management stated that all necessary data for the submission is ready, with no missing information [51][52] Question: Progress with payers for SKYTROFA approval - Management indicated improvements in market access and a strong positioning strategy for SKYTROFA [55][56] Question: Timing for NATPARA inventory depletion affecting YORVIPATH - Management noted that the timing is outside their control but expects a transition to occur next year [65][66] Question: Uptake of PTH experienced patients onto YORVIPATH - Management believes that many patients will seek treatment quickly once YORVIPATH is available [71][72] Question: Revenue contribution from adult growth hormone market - Management highlighted the potential for significant growth in the adult market, which is currently underpenetrated [75][76] Question: Comparison of YORVIPATH launch in the US versus Europe - Management expects a faster uptake in the US due to a more unified market mindset [81][82] Question: Adjustments to 2024 revenue guidance for SKYTROFA - Management explained that lower volume and fewer selling days contributed to the adjustments [84] Question: Next milestones for oncology pipeline - Management expressed encouragement from recent results and plans to focus on creating value for patients [92]