Mar 31, 2021

Amicus Therapeutics Q1 2021 Earnings Report

Amicus Therapeutics reported first quarter 2021 financial results, highlighting continued strong adoption of Galafold and progress in regulatory preparations for AT-GAA.

Key Takeaways

Amicus Therapeutics announced its Q1 2021 financial results, with a focus on the commercial growth of Galafold, the regulatory advancements for AT-GAA, and the progress of its gene therapy pipeline. The company is confident in meeting its full-year 2021 revenue guidance.

Galafold revenue reached $66.4M, driven by global growth.

The company held a positive pre-BLA meeting with the U.S. FDA for AT-GAA in Pompe disease, with a rolling BLA submission on track for completion in Q2 2021.

New data from Pompe and Fabry gene therapy programs will be presented at the American Society of Gene & Cell Therapy 24th Annual Meeting.

Sébastien Martel joined as SVP, Strategy & Business Development, strengthening the senior management team.

Total Revenue
$66.4M
Previous year: $60.5M
+9.7%
EPS
-$0.25
Previous year: -$0.35
-28.6%
Gross Profit
$59.9M
Cash and Equivalents
$185M
Free Cash Flow
-$73.2M
Total Assets
$810M

Amicus Therapeutics

Amicus Therapeutics

Amicus Therapeutics Revenue by Segment

Forward Guidance

Amicus Therapeutics is on-track to achieve revenue guidance of $300M-$315M.