Positive Phase II Study Results for Ifetroban
The Phase II study for ifetroban in patients with Duchenne muscular dystrophy showed a 5.4% improvement in cardiac functions, positioning it as a potential treatment for DMD cardiomyopathy.
Vibativ Approval in China
Vibativ received regulatory approval in China, opening access to the world's second-largest pharmaceutical market.
Strong Revenue Growth
Second-quarter revenue was $10.8 million, a 10% increase over the previous year, and year-to-date revenue was $22.6 million, a 23% increase.
Successful Financial Performance
Year-to-date adjusted earnings were $2.8 million or $0.18 per share, a significant increase from the previous year.
New Partnerships and Market Expansions
Partnership with Tabuk Pharmaceuticals to introduce Vibativ to the Middle East and a supply arrangement with Vizient for Vibativ distribution in the U.S.