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Arcutis Biotherapeutics | 8-K: Arcutis Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Business Update

Arcutis Biotherapeutics | 8-K:Arcutis公布2023年第四季度和全年财务业绩并提供业务最新情况

SEC announcement ·  02/27 07:45
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On February 27, 2024, Arcutis Biotherapeutics, Inc., a commercial-stage biopharmaceutical company, reported its financial results for the fourth quarter and full year ended December 31, 2023. The company announced a significant increase in net product revenues for ZORYVE cream, with Q4 revenues reaching $13.5 million, marking a 357% increase from the same quarter in the previous year and a 67% increase from the third quarter of 2023. This growth was attributed to improvements in gross-to-net sales deductions and sustained demand. Additionally, the FDA approved ZORYVE topical foam for seborrheic dermatitis in December 2023, with the product launch occurring in January 2024. Arcutis also highlighted a PDUFA action date set for July 7, 2024, for roflumilast cream for atopic dermatitis. The company's R&D expenses decreased by 39% to $111 million in...Show More
On February 27, 2024, Arcutis Biotherapeutics, Inc., a commercial-stage biopharmaceutical company, reported its financial results for the fourth quarter and full year ended December 31, 2023. The company announced a significant increase in net product revenues for ZORYVE cream, with Q4 revenues reaching $13.5 million, marking a 357% increase from the same quarter in the previous year and a 67% increase from the third quarter of 2023. This growth was attributed to improvements in gross-to-net sales deductions and sustained demand. Additionally, the FDA approved ZORYVE topical foam for seborrheic dermatitis in December 2023, with the product launch occurring in January 2024. Arcutis also highlighted a PDUFA action date set for July 7, 2024, for roflumilast cream for atopic dermatitis. The company's R&D expenses decreased by 39% to $111 million in 2023, and further reductions are expected in 2024. The financial report also detailed the company's strong financial position, supporting ongoing commercial launches and pipeline development. Total revenues for 2023 were $59.6 million, compared to $3.7 million in 2022, and the net loss for the year was reduced to $262.1 million from $311.5 million in the previous year. Arcutis ended the year with $272.8 million in cash, cash equivalents, restricted cash, and marketable securities.
2024年2月27日,处于商业阶段的生物制药公司Arcutis Biotherapeutics, Inc. 公布了截至2023年12月31日的第四季度和全年财务业绩。该公司宣布ZORYVE面霜的净产品收入大幅增长,第四季度收入达到1,350万美元,比去年同期增长357%,比2023年第三季度增长67%。这种增长归因于毛净销售扣除额的改善和持续的需求。此外,美国食品药品管理局于2023年12月批准了ZORYVE局部泡沫用于脂溢性皮炎,该产品将于2024年1月上市。Arcutis还强调了用于特应性皮炎的roflumilast乳膏的PDUFA生效日期定为2024年7月7日。该公司的研发费用在2023...展开全部
2024年2月27日,处于商业阶段的生物制药公司Arcutis Biotherapeutics, Inc. 公布了截至2023年12月31日的第四季度和全年财务业绩。该公司宣布ZORYVE面霜的净产品收入大幅增长,第四季度收入达到1,350万美元,比去年同期增长357%,比2023年第三季度增长67%。这种增长归因于毛净销售扣除额的改善和持续的需求。此外,美国食品药品管理局于2023年12月批准了ZORYVE局部泡沫用于脂溢性皮炎,该产品将于2024年1月上市。Arcutis还强调了用于特应性皮炎的roflumilast乳膏的PDUFA生效日期定为2024年7月7日。该公司的研发费用在2023年下降了39%,至1.11亿美元,预计在2024年将进一步减少。财务报告还详细介绍了该公司的强劲财务状况,为正在进行的商业发布和管道开发提供了支持。2023年的总收入为5,960万美元,而2022年为370万美元,该年度的净亏损从去年的3.115亿美元减少至2.621亿美元。Arcutis在年底拥有2.728亿美元的现金、现金等价物、限制性现金和有价证券。
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