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Biofrontera Inc. Reports Third Quarter 2025 Financial Results and Provides a Business Update
Globenewswire· 2025-11-13 13:15
Core Viewpoint - Biofrontera Inc. reported stable revenues for the first nine months of 2025, with expectations for substantial growth in the fourth quarter due to increased demand for its Ameluz-PDT treatment and a new royalty structure that enhances profitability [4][9][7]. Financial Highlights - Total revenues for the first nine months of 2025 were $24.6 million, slightly down from $24.8 million in the same period of 2024 [16]. - Third quarter revenues were $7.0 million, a 22% decline from $9.0 million in Q3 2024, attributed to advanced purchases ahead of a price increase [10][9]. - Operating expenses decreased by 5% year-over-year in Q3 2025, totaling $13.3 million compared to $14.0 million in Q3 2024 [11]. - The net loss for Q3 2025 was $6.6 million, compared to a net loss of $5.7 million in Q3 2024 [13]. - Adjusted EBITDA for Q3 2025 was negative $6.0 million, worsening from negative $4.6 million in Q3 2024 [14]. Recent Operational Highlights - The company is on track to meet its full-year sales objectives, supported by growing demand for Ameluz-PDT treatment [4]. - A new agreement with Biofrontera AG allows the company to acquire all U.S. rights, approvals, and patents for Ameluz and RhodoLED lamps, expected to enhance gross margins and long-term profitability [7]. - The company secured an $11 million investment from institutional investors, with $2.5 million received post-reporting period [8]. - Clinical studies for Ameluz are nearing completion, aiming for FDA approval to treat actinic keratoses on the entire body and potentially for superficial basal cell carcinoma and acne vulgaris [6]. Cash Position and Financing - Cash balance as of September 30, 2025, was $3.4 million [9]. - The company announced the divestiture of its Xepi antibiotic cream for $3 million at closing, with additional milestone payments tied to revenue thresholds [9].
Biofrontera Inc. Closes Purchase of All Ameluz® and RhodoLED® US Assets from Biofrontera AG
Globenewswire· 2025-10-23 12:45
Biofrontera Inc. acquires full U.S. rights to Ameluz® and RhodoLED®, including New Drug Application and associated patents, from former parent Biofrontera AG.New earnout structure reduces payment rate to 12%–15% of U.S. net sales from 25%–35%.Closing releases final $2.5 million of $11 million financing led by existing investors Rosalind Advisors and AIGH Capital Management, which is expected to fund Biofrontera Inc. to profitability. WOBURN, Mass., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Biofrontera Inc. (Nasdaq: ...
Biofrontera Inc. Appoints George Jones as Chief Commercial Officer
Globenewswire· 2025-08-11 20:25
Core Insights - Biofrontera Inc. has appointed George Jones as Chief Commercial Officer, effective August 25, 2025, to enhance its commercial functions including sales, marketing, and market access [1][2][3] Management Changes - The appointment of Mr. Jones follows the acquisition of rights and assets related to Ameluz and RhodoLED for the US market from Biofrontera AG, which includes FDA approval and patents [2] - The new royalty structure for Ameluz will range from 12% to 15%, a reduction from the previous 25% to 35% based on net sales, moving the company closer to cash break-even [2] Leadership Experience - Mr. Jones brings over 25 years of experience in commercial leadership within the specialty pharmaceutical and biotech sectors, having previously held significant roles at Currax Pharmaceuticals and Pernix Therapeutics [3][4][5] - His recent role as Chief Operating Officer at UpScriptHealth saw a threefold increase in partnership revenues, showcasing his ability to drive growth [6] Strategic Vision - The company aims to leverage Mr. Jones' expertise in building high-performing teams and driving sustainable growth to accelerate its commercial success, particularly in expanding Ameluz in the PDT space [7] - Mr. Jones expressed enthusiasm about joining Biofrontera, emphasizing the alignment of the company's focus on innovative dermatology treatments with his passion for patient outcomes [7] Company Overview - Biofrontera Inc. specializes in developing and commercializing photodynamic therapy (PDT) for dermatological conditions, particularly through its drug-device combination Ameluz and the RhodoLED lamp series [8]