Reports Q2 revenue $39.5M, consensus $35.58M. “The second quarter marked a significant step forward in Phathom’s journey toward becoming a growth-oriented and profitable GI company,” said CEO Steve Basta. “We delivered strong sequential revenue growth, implemented strategic cost reductions, and shifted our commercial strategy to focus on high-value prescribers. With over 580,000 VOQUEZNA prescriptions filled to date and extended market exclusivity, we believe we are well-positioned to accelerate VOQUEZNA’s adoption and achieve profitability in 2026.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PHAT:
- Avidity, Phathom mentioned as potential takeout targets at Needham
- Phathom Pharmaceuticals appoints Anne Marie Cook as CLO, corporate secretary
- Largest borrow rate increases among liquid names
- Phathom Pharmaceuticals Gains FDA Exclusivity for VOQUEZNA
- Phathom Pharmaceuticals announces FDA correction to Orange Book Listing