Amphastar Pharmaceuticals reported a strong second quarter with net revenues of $145.7 million and GAAP net income of $26.1 million, driven by glucagon and phytonadione sales growth and contributions from newer products. The acquisition of BAQSIMI® on June 30 is expected to further strengthen the company's proprietary products profile.
Net revenues for the second quarter were $145.7 million.
GAAP net income for the second quarter was $26.1 million, or $0.49 per share.
Adjusted non-GAAP net income for the second quarter was $34.8 million, or $0.65 per share.
Strategic acquisition of BAQSIMI® was completed on June 30, increasing the proprietary products sales profile.
All statements in this press release and in the conference call referenced above that are not historical are forward-looking statements, including, among other things, statements relating to our expectations regarding future financial performance and business trends, our future growth, sales and marketing of our products, market size and expansion, product portfolio, product development, the timing of FDA filings or approvals, including the DMFs of ANP, the timing of product launches, acquisitions and other matters related to our pipeline of product candidates, the timing and results of clinical trials, the acquisition of BAQSIMI®, the prospective benefits of the acquisition of BAQSIMI®, and other future events, including potential contingent consideration amounts and terms related to the acquisition of BAQSIMI®, the anticipated benefits of BAQSIMI® to our product portfolio, Amphastar’s commitment to strategically maximizing the commercial potential of BAQSIMI®, and other future events.
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