Successful Financing Completion
The company successfully completed its financing, resolving a significant overhang and allowing management to focus on commercial execution and product growth.
Revenue and Growth Metrics
Total net revenues for the quarter were $38.2 million, and $114.3 million year-to-date, with adjusted EBITDA of $1.5 million for the quarter and $9.5 million year-to-date.
Growth in ZYNRELEF and APONVIE Sales
ZYNRELEF net sales grew 49% year-over-year for Q3, while APONVIE net sales grew 173% in the same period.
Permanent J-Code for ZYNRELEF
The introduction of a permanent J-code for ZYNRELEF on October 1 is expected to streamline reimbursement and support broader adoption.
Positive Trends in Acute Care Portfolio
New initiatives, including CrossLink Ignite and the VAN, have resulted in increased demand and are expected to continue positively impacting sales.