Strong Revenue Growth
Eton Pharmaceuticals reported a first quarter revenue of $17.3 million, an increase of 117% compared to the first quarter of 2024.
Successful Product Launches
The acquisition and relaunch of Increlex and Galzin have been successful, with Increlex reaching over 90 active patients, reversing a declining trend.
Pipeline Advancements
Eton has advanced its pipeline candidates, with two potential approvals expected in the next 9 months, including ET-400 with a PDUFA date of May 28.
Out-licensing of Increlex International Rights
Eton licensed Increlex's international rights to Esteve Pharmaceuticals for $4.3 million, improving profitability and reinvesting in pipeline opportunities.
Strong Cash Flow
Eton generated $2.1 million of operating cash flow during the quarter and finished with $17.4 million of cash-on-hand.