The following is a summary of the G1 Therapeutics, Inc. (GTHX) Q1 2024 Earnings Call Transcript:
Financial Performance:
G1 Therapeutics reported a 34% increase in COSELA's net sales, amounting to $14.1 million in Q1 2024.
The company saw a decrease in operating expenses to $23.5 million in Q1 2024, down from $38.7 million in Q1 2023.
G1 ended Q1 2024 with a cash balance of $65.2 million, which is a drop due to an $8.7-million loan paydown.
The net sales revenue guidance for 2024 remains at $60 to $70 million.
Business Progress:
G1 Therapeutics has seen significant progress in its top 100 market sector, with increased adoption from trial utilization.
The company continues to advance trials for Triple-Negative Breast Cancer and lung cancer, with positive results from Phase 2.
The company expects broad approval for gemcitabine-carboplatin combinations.
In a recent agreement, the global rights to Lerociclib were out-licensed to Pepper Bio, further positioning G1 for future financial successes.
The company has directed efforts to intensify commercial efforts and remains focused on COSELA's first-line use, which represents the majority of patients.
More details: G1 Therapeutics IR
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