Record High Adjusted Revenues
Knight Therapeutics achieved a record high adjusted revenues of CAD 197 million for the first half of 2025, driven by organic growth of 15% on a constant currency basis.
Strong Business Development
The company added over 50 products to its portfolio through Paladin and Sumitomo transactions, including five pipeline and early launch assets. Expanded agreements with Helsinn and Incyte added innovative pipeline products in oncology.
Significant Revenue Growth
Q2 2025 revenues were CAD 108.5 million, an increase of 15% compared to the same quarter last year. On a constant currency basis, revenues increased by 21%.
Increased Financial Outlook
Knight increased its fiscal 2025 revenue outlook to between CAD 410 million to CAD 420 million, up from CAD 390 million to CAD 405 million.
Revolving Credit Facility Secured
Knight secured a CAD 50 million revolving credit facility with National Bank and launched a syndication process to increase it to up to CAD 100 million, with an additional accordion of CAD 50 million.