Significant Growth in Patient Demand
Avadel reported 3,100 active patients on LUMRYZ as of June 30, representing a 63% increase compared to the second quarter of the previous year.
Strong Financial Performance
LUMRYZ generated $68.1 million in net revenue, a 64% year-over-year increase, and Avadel achieved net income of nearly $10 million for the first time since launch, resulting in earnings per share of $0.10.
Raised Revenue Guidance
Based on positive momentum, Avadel increased its full-year 2025 revenue guidance to $265 million to $275 million.
Orphan Drug Designation for Idiopathic Hypersomnia
LUMRYZ received Orphan Drug Designation from the FDA for its potential use in idiopathic hypersomnia (IH), highlighting a significant market opportunity with an unmet medical need.
Successful Litigation Outcome
The U.S. Court of Appeals unanimously affirmed a prior decision in favor of the FDA in a suit brought by Jazz Pharmaceuticals, supporting Avadel's market position.