Orexo Q2 2024 Interim Report

Q2 2024 highlights

Important events after the end of the ­period

CEO comments in brief: Strong Zubsolv® recovery and focus on getting OX124 to the US market

"I am pleased to report our Zubsolv  sales grew slightly year on year, with a strong improvement from the first quarter. This is the third consecutive quarter that we have achieved a positive EBITDA, despite additional costs for a new human factor study (HF study) for OX124, increased legal expenses and a retrospective adjustment of Abstral® royalties. The improvement in Zubsolv sales was expected following the inventory adjustments at the beginning of the year and sales in the quarter to wholesalers and pharmacies have become more aligned. Both also grew slightly compared to last year. We have made good progress in preparing for the launch of our second medication on the US market, OX124, but close to the publication of this Interim Report we received feedback from the FDA with a request to complement the application with additional technical data from the final commercial product. In the quarter we addressed the initial concerns raised by the FDA in April and have recently successfully conducted a new HF study. We are investigating the implications of the new request, but we are optimistic we can address these new concerns expeditiously, but there will be a delay in the original time guidance."   

For the full CEO comments view attached PDF.

Contact persons quarterly report:
Nikolaj Sørensen, President and CEO
Fredrik Järrsten, EVP and CFO
Lena Wange, IR & Communications Director
Tel: +46 18 780 88 00, +1 855 982 7658, 
E-mail: [email protected].

Presentation:
On July 17, at 2 pm CET analysts, investors and ­media are invited to attend a presentation, incl. a Q&A.
To attend via teleconference where you can ask questions verbally: 
https://conference.financialhearings.com/teleconference/?id=50048737
When registered you will be provided ­phone ­numbers and a conference ID to access the ­conference.

To attend via webcast: https://ir.financialhearings.com/orexo-q2-report-2024/register
Prior to the call, presentation material will be ­available on the website under Investors/Reports/Audiocasts.

This information is information that Orexo AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above at 8 am CET on July 17, 2024.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/orexo/r/orexo-q2-2024-interim-report,c4015814

The following files are available for download:

View original content:https://www.prnewswire.co.uk/news-releases/orexo-q2-2024-interim-report-302199082.html