The following is a summary of the Marinus Pharmaceuticals, Inc. (MRNS) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Marinus reported full year 2023 net product revenue of $19.6 million, with the majority of patients using ZTALMY therapy.

• The projected U.S. ZTALMY net product revenues for 2024 are between $32 million and $34 million.

• Total available assets, including cash, cash equivalents, and short-term investments, equaled $150.3 million at the end of 2023, expected to cover expenses into late Q4 2024.

• They reported a net loss before income taxes of $41.8 million in Q4 2023 and $142.9 million for the full year 2023.

• Break-even on the CDD commercial investment is expected for the first half of 2024.

Business Progress:

• Marinus aims to hit profitability for the entire ZTALMY franchise within 6 to 12 months of the 2025 TSC launch.

• RAISE trial of IV ganaxolone has met enrolment criteria for interim analysis, and top line results are expected in Q2 2024.

• The TrustTSC trial, targeting TSC patients with refractory seizures, has achieved over 85% of its target enrolment.

• By discontinuing an established status epilepticus trial and implementing cost reductions, Marinus extends its financial runway.

• Two key data readouts in RSE and TSC are expected in 2024, potentially driving growth for the ganaxolone franchise.

• The company is looking to expand into the multibillion-dollar markets of CDD, RSE and TSC.

More details: Marinus Pharmaceuticals IR

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