Debt ReductionEMBC expects to reduce its debt by $150M this fiscal year while simultaneously driving $7M-$8M in pre-tax cost savings in the second half of the fiscal year.
Financial PerformanceEmbecta reported F3Q revenue of $295.5M, $17M above consensus, with pricing and volume benefits contributing equally to the outperformance.
Pipeline InitiativesEMBC is in active talks with more than 30 pharmaceutical companies to potentially copackage their pen needle products with generic GLP-1s and has signed a handful of agreements.