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Evoke Pharma and EVERSANA Expand GIMOTI® Access to Gastro Health and Other Large GI Practices through Omnicell Relationship
Globenewswire· 2025-08-26 11:00
Core Viewpoint - Evoke Pharma, Inc. is expanding access to its GIMOTI nasal spray for diabetic gastroparesis through strategic partnerships with Omnicell and Brentwood Pharmacy, aiming to enhance patient care and streamline access to treatment [1][2][3]. Company Overview - Evoke Pharma, Inc. is a specialty pharmaceutical company focused on developing treatments for gastrointestinal disorders, particularly GIMOTI, a nasal spray formulation of metoclopramide for adults with acute and recurrent diabetic gastroparesis [4][5]. Strategic Partnerships - The partnership with Omnicell is expected to nearly double the number of specialty pharmacies that can access GIMOTI, aligning with large gastroenterology practices like Gastro Health, which operates in 7 states and has 150 locations [2][3]. - The agreement with Brentwood Pharmacy, affiliated with OneGI, enhances access to GIMOTI across multiple states, including Tennessee, Kentucky, Ohio, and Mississippi, and supports rapid delivery and additional insurance plan access for patients [3][4]. Market Context - Diabetic gastroparesis is a significant gastrointestinal disorder affecting millions globally, characterized by delayed gastric emptying, which can complicate the absorption of orally administered medications [5]. - GIMOTI is the only FDA-approved treatment for diabetic gastroparesis in the United States, previously available only in oral and injectable forms [5]. Industry Collaboration - EVERSANA, a provider of global commercial services to the life sciences industry, is supporting Evoke in its strategy to improve patient access and streamline the integration with specialty pharmacies [1][12]. - Gastro Health and OneGI are key players in the gastroenterology space, providing extensive networks of physicians and specialized care, which Evoke aims to leverage through its partnerships [13][14].
Evoke Pharma Announces Listing of New GIMOTI® Patent in FDA Orange Book
Globenewswire· 2025-08-21 11:00
Company Overview - Evoke Pharma, Inc. is a specialty pharmaceutical company focused on developing treatments for gastrointestinal diseases, particularly GIMOTI (metoclopramide) nasal spray for diabetic gastroparesis [4] - GIMOTI is the only drug approved in the U.S. for treating gastroparesis, which affects millions globally and can lead to serious gastrointestinal symptoms and complications [5] Patent Announcement - Evoke Pharma announced the listing of U.S. Patent No. 12,377,064 for GIMOTI in the FDA's Orange Book, which covers its use in patients with moderate to severe gastroparesis symptoms [1][3] - The new patent is set to expire on November 17, 2038, extending the commercial life of GIMOTI by approximately eight years compared to the previous patent expiring on May 15, 2030 [3] Strategic Implications - The patent listing reflects Evoke's commitment to innovation and protecting its investments, aiming to maximize GIMOTI's market presence and ensure patient access to effective non-oral treatments [2][3] - The company emphasizes the importance of GIMOTI as a non-oral option for patients who struggle with oral medication absorption due to gastroparesis [3]
Evoke Pharma Reports Second Quarter 2025 Financial Results and Provides Business Update
Globenewswire· 2025-08-14 11:00
Core Insights - Evoke Pharma reported a 47% year-over-year increase in net product sales for Q2 2025, reaching approximately $3.8 million compared to $2.6 million in Q2 2024, indicating strong commercial performance of GIMOTI [1][4][9] - The company experienced a 20% increase in new prescribers since the same quarter last year, reflecting growing demand from both physicians and patients [2][9] - The refill rates for GIMOTI remained steady at around 70%, suggesting consistent therapeutic benefits for patients [9] Financial Performance - For Q2 2025, Evoke Pharma reported a net loss of approximately $1.6 million, or ($0.62) per share, compared to a net loss of $1.3 million, or ($0.93) per share, in Q2 2024 [4][22] - Selling, general, and administrative expenses rose to approximately $5.1 million in Q2 2025 from $3.7 million in Q2 2024, attributed to increased profit-sharing with EVERSANA and higher professional fees [5][22] - Total operating expenses for Q2 2025 were approximately $5.3 million, up from $3.8 million in the same period of 2024 [5][22] Cash Position and Outlook - As of June 30, 2025, Evoke Pharma had cash and cash equivalents of approximately $12.1 million, which is expected to fund operations into Q3 2026 based on current plans [6] - The company confirmed its full-year 2025 net product sales guidance of approximately $16 million, representing up to a 60% increase over 2024, driven by trends in prescription growth and refill rates [7]
Evoke Pharma Announces Issuance of New U.S. Patent for GIMOTI With Extended Exclusivity to Late 2038
Globenewswire· 2025-08-06 10:30
Core Points - Evoke Pharma, Inc. has received a new U.S. patent for GIMOTI, extending market exclusivity to November 2038, which is nearly two years longer than the previous expiration date of December 2036 [1][2] - The patent covers the use of intranasal metoclopramide for treating moderate to severe symptoms of gastroparesis, enhancing the company's intellectual property position [3][2] - The company is committed to supporting the gastroparesis community and recognizes Gastroparesis Awareness Month in August [4] Company Overview - Evoke Pharma is a specialty pharmaceutical company focused on developing treatments for gastrointestinal disorders, specifically through its product GIMOTI, a nasal spray formulation of metoclopramide [5] - GIMOTI is the only FDA-approved drug in the U.S. for treating diabetic gastroparesis, a condition that affects millions globally and can lead to serious gastrointestinal symptoms [6] Product Information - GIMOTI is indicated for the relief of symptoms in adults with acute and recurrent diabetic gastroparesis, providing a non-oral treatment option for patients [7][6] - The patent's claims specifically address methods of treating gastroparesis symptoms through intranasal administration of metoclopramide [3]