Strong Growth in Jornay PM
Jornay prescriptions grew 29% year-over-year and 11% quarter-over-quarter in Q4 2024. Net revenue was $100.7 million in 2024, expected to exceed $135 million in 2025, representing over 34% growth.
Record Revenues for Pain Portfolio
The pain portfolio generated 5% revenue growth in 2024, with record revenues for both BELBUCA and Xtampza ER. Total revenue grew 11%, and adjusted EBITDA grew 9% year-over-year.
Strategic Acquisitions and Expansions
Acquired Ironshore Therapeutics and its lead medicine Jornay PM, establishing a presence in neuropsychiatry. Expanded sales force from 125 to 180 to increase coverage for Jornay.
Positive Developments for Nucynta Franchise
Projected exclusivity for Nucynta ER extended to July 2027, reinforcing it as a robust revenue contributor.
Strong Financial Position
Ended 2024 with net leverage of less than two times and expect to end 2025 with net leverage of less than one time.