OPKO Health reported an increase in consolidated revenues for Q4 2019 to $224.3 million compared to $221.9 million in Q4 2018. The net loss for the quarter was $112.4 million, or $0.18 per share, compared to a net loss of $76.1 million, or $0.13 per share, for the comparable period of 2018. The company's cash, cash equivalents, and marketable securities totaled $85.5 million as of December 31, 2019.
Phase 3 trial for Somatrogon met its primary endpoint.
Total prescriptions for RAYALDEE increased by 89% compared to Q4 2018.
4Kscore test received final Local Coverage Determination for Medicare payments.
Consolidated revenues increased to $224.3 million compared to the same period in 2018.
OPKO Health anticipates regulatory submission in the U.S. for Somatrogon in 2H 2020, with Europe expected to follow upon completion of an open-label study in Q3 2020. The registration study in pediatric GHD patients in Japan is on track for completion in Q1 2020. An interim readout of the Phase 2 trial with RAYALDEE in adults with vitamin D insufficiency and stage 5 chronic kidney disease (CKD) requiring dialysis is expected in Q1 2020.
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