Jun 30, 2023

Blueprint Medicines Q2 2023 Earnings Report

Blueprint Medicines delivered strong growth in AYVAKIT revenue and patients on therapy, achieved important regulatory and operational milestones, and nominated a selective and potent inhibitor of wild-type KIT.

Key Takeaways

Blueprint Medicines reported second quarter 2023 financial results, achieving $39.9 million in AYVAKIT/AYVAKYT net product revenues and $57.6 million in total revenues. The FDA approved AYVAKIT for adults with indolent systemic mastocytosis on May 22, 2023. The company also announced development candidate BLU-808 for treating mast cell disorders.

Achieved $39.9 million in AYVAKIT®/AYVAKYT® (avapritinib) net product revenues in Q2 2023.

Total revenues reached $57.6 million in Q2 2023.

AYVAKIT was approved by the FDA for treating adults with indolent systemic mastocytosis on May 22, 2023.

Announced development candidate BLU-808 for treating patients with mast cell disorders, including chronic urticaria.

Total Revenue
$57.6M
Previous year: $36.5M
+57.5%
EPS
-$2.19
Previous year: -$2.68
-18.3%
Gross Profit
$55.2M
Previous year: $31.7M
+74.5%
Cash and Equivalents
$75.5M
Previous year: $173M
-56.4%
Free Cash Flow
-$133M
Previous year: -$121M
+10.1%
Total Assets
$1.11B
Previous year: $1.19B
-7.2%

Blueprint Medicines

Blueprint Medicines

Forward Guidance

Blueprint Medicines plans to achieve milestones by the end of 2023.