High, Stable Gross MarginsSustained gross margins near 90% reflect strong product economics from long‑acting formulations and proprietary delivery technology. This durable margin base supports long‑term profitability, funds reinvestment in R&D/commercial expansion, and cushions operating leverage.
Strong Cash GenerationRobust and improving operating and free cash flow provides organic funding for launches, milestone investments, and R&D. High cash conversion reduces dependence on external financing and gives management flexibility to execute U.S. expansion and partner deals over the medium term.
Conservative Balance Sheet, Very Low LeverageA very low debt load provides financial flexibility and downside protection, enabling the company to absorb launch costs or delayed milestone timing. This conservative capital structure supports strategic optionality and resilience through clinical and market‑access cycles.