Significant R&D Progress
Great progress in Orexo's pipeline, particularly with the GLP-1 agonist project OX472 showing promising in vivo data. Also, received BARDA funding for the OX390 project, potentially worth up to $51 million.
Positive Movement in U.S. Commercial Segment
Buprenorphine and naloxone market growth in the U.S. increased by 4% year-over-year, with a slight increase of 1% over the last quarter. The commercial segment is now surpassing Medicaid as the largest segment.
BARDA Partnership for OX390
BARDA funding secured for OX390, initially worth $8 million and potentially up to $51 million, to develop a nasal rescue medication for fentanyl and xylazine overdoses.
Strong U.S. Commercial EBIT
U.S. business EBIT was SEK 38 million for the quarter, up from SEK 25 million year-over-year, with an EBIT margin improvement from 19% to 34%.