The following is a summary of the Kiniksa Pharmaceuticals Ltd. (KNSA) Q1 2024 Earnings Call Transcript:
Financial Performance:
Kiniksa Pharmaceuticals reported strong Q1 2024 results with an 85% year-over-year increase in ARCALYST net product revenue to $78.9 million.
The company has updated their revenue guidance for 2024 from $360 million-$380 million to $370 million-$390 million.
The net loss for Q1 2024 was $17.7 million, compared to $12.3 million in the same period of the previous year.
Business Progress:
Kiniksa plans to initiate a Phase 2b trial with Abiprubart in Sjögren's Disease and is intensifying its R&D efforts while monitoring the competitive landscape in CD40-CD154 antagonist class.
The company aims to remain cash flow positive on an annual basis. Kiniksa intends to increase awareness of ARCALYST, and they are exploring further business development opportunities and potential strategic expansions.
More details: Kiniksa Pharmaceuticals IR
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