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Eton Pharmaceuticals Reports Fourth Quarter 2024 Financial Results
Newsfilter· 2025-03-18 10:50
Core Insights - Eton Pharmaceuticals reported a transformational fourth quarter in 2024, highlighted by significant acquisitions and product launches, leading to record product sales and continued revenue growth [3][5][8]. Financial Performance - The company achieved net sales of $11.6 million in Q4 2024, a 59% increase from $7.3 million in Q4 2023, marking the 16th consecutive quarter of sequential growth in product sales [5][13]. - Gross profit for Q4 2024 was $6.5 million, up from $3.6 million in Q4 2023, primarily due to increased product sales [14]. - The net loss for Q4 2024 was $0.6 million, or $0.02 per share, compared to a net loss of $2.3 million, or $0.09 per share, in the prior year [17]. Business Developments - Eton completed the acquisition of Increlex and Galzin, enhancing its product portfolio in rare diseases [3][8]. - Increlex was relaunched in January 2025 and is performing better than expected, with a dedicated sales force targeting pediatric endocrinology [4][6]. - Galzin was relaunched in March 2025, supported by a new metabolic sales force and patient support services [9][8]. Product Pipeline - The company licensed U.S. rights to Amglidia, a late-stage candidate for neonatal diabetes, and is preparing for an NDA submission for ET-600 following positive pivotal study results [10][12]. - Eton has initiated two new internal development projects, ET-700 and ET-800, details of which will be shared in the upcoming Investor Day conference call [11]. Market Strategy - Eton's strategy includes leveraging existing sales teams and relationships to promote newly acquired products and increase awareness of underdiagnosed conditions [6][9]. - The company anticipates continued sequential growth in product revenue through 2025 and beyond, driven by its expanding product pipeline and successful relaunches [5][8].
Eton Pharmaceuticals Announces Positive Pivotal Clinical Study Results for Product Candidate ET-600
Newsfilter· 2025-03-14 10:50
Core Insights - Eton Pharmaceuticals has successfully completed a pivotal bioequivalence study for its patented oral solution ET-600, which is intended for the treatment of central diabetes insipidus [1][2] - The company plans to submit a New Drug Application (NDA) to the FDA in April 2025, with the potential for ET-600 to become the only FDA-approved oral liquid formulation of desmopressin if approved [2][3] Company Overview - Eton Pharmaceuticals is focused on developing and commercializing treatments for rare diseases, currently offering seven commercial products and four additional candidates in late-stage development [5] - ET-600 is a proprietary formulation of desmopressin oral solution, with a patent extending to 2044, aimed at addressing the needs of approximately 3,000 pediatric patients in the U.S. suffering from central diabetes insipidus [4][5] Study Details - The bioequivalence study involved 75 human subjects and demonstrated pharmacokinetic equivalence to the FDA-approved reference product [2] - The study was designed as an open-label, balanced, randomized, single-dose, three-treatment, three-sequence, three-period, three-way crossover trial [2] Future Plans - Eton anticipates launching ET-600 in the first quarter of 2026, following the NDA submission and potential approval [3] - The company has initiated pre-launch commercial readiness activities in preparation for the product's market entry [3]
Eton Pharmaceuticals to Host Virtual Investor Day and Release Fourth Quarter Earnings Results on March 18, 2025
Newsfilter· 2025-03-04 11:50
Core Viewpoint - Eton Pharmaceuticals is set to hold a virtual Investor Day on March 18, 2025, to discuss its fourth quarter 2024 financial results and provide insights into its rare disease portfolio and future financial outlook [1][2]. Financial Results and Investor Day - The Investor Day will include a detailed discussion of the fourth quarter 2024 financial results and the company's strategic direction following a transformative six months [2]. - Investors will gain insights into the long-term market opportunities and commercial strategies for the recently acquired Increlex® and Galzin® products [2]. Product Portfolio and Pipeline - Eton currently has seven commercial rare disease products, including INCRELEX®, ALKINDI SPRINKLE®, and GALZIN®, and four additional product candidates in late-stage development, such as ET-400 and ET-600 [4]. - The company will also provide updates on its adrenal insufficiency franchise, including Alkindi Sprinkle® and ET-400, along with the associated market landscape [2]. Event Participation - Interested participants can register for the event, and an archived webcast will be available on Eton's website approximately two hours after the event concludes, remaining accessible for 30 days [3].
Eton Pharmaceuticals Announces Commercial Launch of Galzin® (zinc acetate) Capsules
Globenewswire· 2025-03-03 11:50
Core Insights - Eton Pharmaceuticals has launched Galzin (zinc acetate) capsules, the only FDA-approved zinc therapy for Wilson disease, aimed at expanding patient access to this critical treatment [1][8] - The company offers a $0 co-pay for all eligible patients and has established the Eton Cares patient support services to facilitate access to Galzin [1][3] Company Overview - Eton Pharmaceuticals focuses on developing and commercializing treatments for rare diseases, currently offering seven commercial products and four additional candidates in late-stage development [8] Product Launch Details - Galzin is now available exclusively through Optime Care, a specialty pharmacy that will administer the Eton Cares Program, providing various support services including prescription fulfillment and financial assistance [3][4] - The launch aims to address historical challenges in availability and affordability, encouraging patients to use the approved medication instead of unapproved alternatives [2] Patient Support Initiatives - Eton Cares will ensure that eligible patients have access to Galzin with comprehensive support services, including educational resources and insurance benefits investigation [3][2] - The program is designed to enhance awareness and access to Galzin within the Wilson disease community [2] Clinical Information - Galzin is indicated for the maintenance treatment of Wilson disease patients who have been initially treated with a chelating agent [8] - Patients are advised to take Galzin on an empty stomach and must be clinically monitored for the adequacy of therapy [10]
Here's Why Momentum in Eton Pharmaceuticals (ETON) Should Keep going
ZACKS· 2025-02-12 14:51
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of a trend in short-term investing, highlighting that successful entry timing is crucial for profitability [1][2]. Group 1: Trend Analysis - The trend can reverse before exiting a trade, potentially leading to short-term capital losses for investors [2]. - A stock's recent price strength is a key indicator of its potential to maintain upward momentum, with Eton Pharmaceuticals, Inc. (ETON) being highlighted for its significant price increase of 64.5% over 12 weeks [4]. - ETON has also shown a price increase of 28.7% over the past four weeks, indicating that the upward trend is still intact [5]. Group 2: Fundamental Strength - ETON is currently trading at 92.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [5]. - The stock carries a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The Average Broker Recommendation for ETON is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The article suggests that investors should consider stocks that pass the "Recent Price Strength" screen, which identifies stocks with strong fundamentals and upward price trends [3][8]. - The Zacks Rank stock-rating system has a proven track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7].
Eton Pharmaceuticals Expands Patent Portfolio with Issuance of New U.S. Patent for ET-600
Globenewswire· 2025-02-07 11:50
Core Insights - Eton Pharmaceuticals has received U.S. Patent No. 12,214,010 for its ET-600 product candidate, a proprietary formulation of desmopressin oral solution, which is expected to be listed in the FDA's Orange Book upon approval and will remain protected until 2044 [1][3] - ET-600 is being developed specifically for the treatment of diabetes insipidus, addressing a significant unmet need in pediatric care, as current FDA-approved forms do not cater to the precise dosing requirements for children [2][5] - The company is currently conducting a pivotal bioequivalence study for ET-600, with results anticipated by the end of February 2025, and plans to file a New Drug Application (NDA) with the FDA in the second quarter of 2025 if results are favorable [4] Company Overview - Eton Pharmaceuticals focuses on developing and commercializing treatments for rare diseases, with a portfolio that includes seven commercial products and four additional candidates in late-stage development [6]
Eton Pharmaceuticals Announces Extension of PDUFA Goal Date for ET-400
Newsfilter· 2025-02-06 11:50
Core Points - Eton Pharmaceuticals announced that the FDA has extended the PDUFA goal date for the NDA of ET-400 to May 28, 2025, due to the need for additional review time [1][2] - The FDA applied a standard three-month extension from the original goal date of February 28, 2025, following the submission of supplemental information in December [2] - Eton's CEO expressed confidence in the NDA package and does not expect the extension to significantly impact the company's 2025 revenue projections [3] Company Overview - Eton Pharmaceuticals focuses on developing and commercializing treatments for rare diseases, currently offering seven commercial products [4] - The company has four additional product candidates in late-stage development, including ET-400, ET-600, Amglidia®, and ZENEO® hydrocortisone autoinjector [4]
Strength Seen in Eton Pharmaceuticals (ETON): Can Its 10.8% Jump Turn into More Strength?
ZACKS· 2025-01-24 10:21
Stock Performance - Eton Pharmaceuticals shares surged 10.8% to close at $16.24 in the last trading session, supported by higher-than-average trading volume [1] - The stock has gained 15.8% over the past four weeks [1] Recent Developments - The company acquired Galzin (zinc acetate), an FDA-approved treatment for Wilson Disease, with plans to commercialize it in the US in Q1 2025 [2] - Eton also secured European rights to the product, marketed as Wilzin in Europe [2] Financial Expectations - Eton is expected to post a quarterly loss of $0.02 per share, representing a 77.8% year-over-year improvement [3] - Revenue is projected at $10.68 million, up 46.1% from the year-ago quarter [3] - The consensus EPS estimate has been revised 20% lower over the last 30 days [4] Industry Context - Eton operates in the Zacks Medical - Biomedical and Genetics industry [4] - Legend Biotech, another company in the same industry, saw its shares rise 0.7% to $37.69 in the last session [4] - Legend Biotech has returned 14.2% over the past month [4] - Legend Biotech's consensus EPS estimate for the upcoming report has changed -2.4% to -$0.32, representing a 20% improvement from the year-ago period [5]
Eton Pharmaceuticals Advances Its Commitment to Rare Disease with the Acquisition of Galzin®
Newsfilter· 2025-01-03 11:50
Core Insights - Eton Pharmaceuticals has acquired Galzin® (zinc acetate), a medication for Wilson Disease, enhancing its portfolio in rare disease treatments [1][2][7] - The acquisition aligns with Eton's mission to support life-saving treatments for ultra-rare patient populations [2] Company Overview - Eton Pharmaceuticals is focused on developing and commercializing treatments for rare diseases, currently offering six commercial products and four additional candidates in late-stage development [12] Product Details - Galzin is FDA-approved for maintenance treatment of Wilson Disease patients who have been initially treated with a chelating agent, with an estimated patient population of less than 5,000 in the U.S. [3][4] - Eton plans to commercialize Galzin in the U.S. in Q1 2025, supported by its metabolic sales force and the Eton Cares patient support program [4] Patient Support Program - The Eton Cares program will provide a $0 co-pay for qualified commercial patients, prescription fulfillment, insurance benefits investigation, and educational support [4] European Rights - Eton has acquired European rights to Galzin, where it is marketed as Wilzin® by a third party, with Eton continuing to supply the product under an existing distribution agreement [5]
Eton Pharmaceuticals Closes Acquisition of Increlex® (mecasermin injection)
Globenewswire· 2024-12-20 11:50
Core Insights - Eton Pharmaceuticals has completed the acquisition of Increlex® (mecasermin injection) from Ipsen S.A., enhancing its portfolio in pediatric endocrinology [1][16] - Increlex® is the only FDA and EMA approved treatment for severe primary insulin-like growth factor 1 deficiency (SPIGFD) in pediatric patients aged 2 years and older [2][25] - The product is now available in the U.S. through AnovoRx, a specialty pharmacy, which will also manage the Eton Cares Program to assist patients [17][16] Group 1: Acquisition Details - The acquisition was financed using Eton's cash reserves and an expansion of its existing credit facility with SWK Holdings [3] - Ipsen will continue to distribute Increlex® outside the U.S. for a six-month transition period before Eton takes over commercialization [3] Group 2: Product Information - Increlex® is approved in 41 territories, including the U.S. and EU, with an estimated 200 patients in the U.S. and 900-1,000 in Europe suffering from SPIGFD [2] - The product is indicated for growth failure in pediatric patients with severe primary IGF-1 deficiency, defined by specific height and IGF-1 level criteria [25][26] Group 3: Patient Support and Accessibility - The Eton Cares Program will provide prescription fulfillment, insurance benefits investigation, educational support, and financial assistance for qualifying patients [17] - Co-pay assistance will be available to allow for $0 co-pays for eligible patients [17]