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Jun 30, 2021

Amicus Therapeutics Q2 2021 Earnings Report

Amicus Therapeutics reported financial results for Q2 2021, highlighting Galafold revenue growth and progress in regulatory submissions for AT-GAA.

Key Takeaways

Amicus Therapeutics announced its Q2 2021 financial results, featuring a 24% increase in Galafold revenue compared to Q2 2020. The company also completed the rolling BLA and NDA submissions to the U.S. FDA for AT-GAA in Pompe disease.

Total Galafold revenue reached $77.4 million, a 24% increase over Q2 2020.

The company is on track to achieve revenue guidance of $300 million to $315 million.

The rolling BLA and NDA submissions to the U.S. FDA for AT-GAA in Pompe disease were completed.

Positive EMA Rapporteur and Co-Rapporteur meeting supported the MAA submissions for AT-GAA, with global submissions on track in 2021.

Total Revenue
$77.4M
Previous year: $62.4M
+24.2%
EPS
-$0.19
Previous year: -$0.2
-5.0%
Gross Profit
$69M
Previous year: $55.7M
+24.0%
Cash and Equivalents
$177M
Previous year: $165M
+7.3%
Free Cash Flow
-$36.3M
Previous year: -$34.6M
+4.9%
Total Assets
$787M
Previous year: $701M
+12.2%

Amicus Therapeutics

Amicus Therapeutics

Amicus Therapeutics Revenue by Segment

Forward Guidance

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