Significant Revenue Growth
U.S. net product revenue for Nephi reached $31.3 million in Q3, representing a 2.5-fold increase from the prior quarter and exceeding consensus expectations of $28.3 million.
Global Expansion and Approvals
Nephi received approval in Japan with launch anticipated in 2025, expected approvals in Canada and China by 2026.
Positive Market Feedback and Real-World Data
Real-world data shows Nephi effectively treats anaphylaxis with a single dose in nine out of ten patients, aligning with epinephrine injections.
Launch of 'Get Nephi On Us' Program
Introduced a program to simplify access to Nephi with virtual prescriber interactions at no cost, anticipated to accelerate sales.
Strong Cash Position
Ended Q3 with $288 million in cash, cash equivalents, and short-term investments, supported by a $250 million term loan facility.