Revenue Growth
Knight Therapeutics reported revenues of $88 million for Q1 2025, an increase of $2 million or 3% over the same period last year.
Promoted Portfolio Performance
The promoted portfolio, accounting for over 75% of total revenues, grew by $9 million or 16% on a constant currency basis.
Oncology and Hematology Portfolio Growth
This portfolio delivered $32 million in revenues, a growth of $1 million or 3%, and $2 million or 6% on a constant currency basis.
Infectious Disease Portfolio Growth on Constant Currency
Despite a nominal decrease, the portfolio grew by $1 million or 3% on a constant currency basis.
Pipeline and Product Launches
Knight continued to advance its portfolio with regulatory submissions and approvals, launching Minjuvi in Mexico and relaunching Onicit in Brazil and Mexico.
Paladin Acquisition
Knight entered into an agreement to acquire the assets of Paladin for $100 million plus $20 million of inventory, with potential future contingent payments up to $15 million.
Financial Outlook for 2025
Knight expects to generate revenues between $390 million to $405 million and an adjusted EBITDA of approximately 13% of revenues.