Net Revenues and Operational Cash Flow
Net revenues of $171.2 million in Q1 2026 versus $170.5 million in Q1 2025 (return to growth). Cash flow from operations of approximately $47.8 million during the quarter. Company maintains overall corporate sales guidance of mid-single-digit to high-single-digit unit growth for 2026.
BAQSIMI: Strong Unit Demand Despite Pricing Headwinds
BAQSIMI generated approximately $32.4 million in revenue and U.S. sales unit volumes increased ~8% year-over-year, indicating solid underlying demand. Management implemented a 3% list price increase effective May 1 and engaged an outside firm to address potential duplicate 340B rebate payments.
Primatene MIST Continued Momentum
Primatene MIST generated approximately $29.8 million in revenue, up ~2% year-over-year, with store-level sales increasing ~6.5% year-over-year driven by sustained consumer demand and commercial investment.
New Product Launches and Portfolio Expansion
Launched AMP-007 (ipratropium bromide inhalation) in April as the first and only generic inhaled ipratropium on the market, cited as the company’s top near-term growth driver. Other recently launched products helped grow other finished pharmaceutical product sales by 34% to $67.1 million (notable contributions: albuterol +$2.8M, teriparatide +$2.2M, iron sucrose +$1.4M).
Progress on Higher-Value Pipeline
Late-stage programs remain on track: insulin aspart biosimilar and GLP-1 ANDA planned for commercial launches in 2027. Continued advancement of early-stage proprietary assets (oncology, immunology) and plans for IND submissions; corticotropin program targeting Phase I in 2027.
Strong Balance Sheet and Capital Deployment
Company reports a strong financial position supporting R&D and selective M&A/licensing. Executed accelerated share repurchases of $29.5 million during the quarter (approximately 3% of share count), demonstrating capital return and confidence in the balance sheet.