Strong ARCALYST Revenue Growth
ARCALYST product revenue grew 72% to $122.5 million in the fourth quarter and 79% to $417 million for the full year 2024.
Launch of KPL-387 Development Program
KPL-387 is an independently developed monoclonal antibody IL-1 receptor antagonist with potential for monthly Sub-Q dosing in recurrent pericarditis. Phase 2/3 trial expected to start mid-2025.
Positive Financial Position
Ended 2024 with a $244 million cash balance and expect to remain cash flow positive on an annual basis.
Collaboration Profit Growth
ARCALYST collaboration profit grew 125% to $76.3 million in the fourth quarter and 108% to $234.7 million for the full year 2024.
2025 ARCALYST Revenue Guidance
Forecasted net revenue for ARCALYST is between $560 million and $580 million for 2025.