Increased Revenue Guidance
Top line revenue guidance for 2025 is raised to $600 million to $700 million, and adjusted EBITDA guidance is raised to $200 million to $280 million.
Strong Financial Performance
Fourth consecutive quarter of positive adjusted EBITDA and operating profits with triple-digit increases in both product revenues and total revenues compared to the same quarter in the previous year.
Stelara Biosimilar Success
Successful launch of Stelara biosimilar in the U.S. and other markets, with a significant market share and recent FDA approval for interchangeability.
Product Pipeline Expansion
Three biosimilar filings under review in major markets, expected to launch by Q4 2025, expanding to six marketed biosimilars by early 2026.
Positive Cash Flow
Generated $17 million of positive cash flows from operations in Q1, expecting to be free cash flow positive in 2025.