Jun 30, 2024

Phathom Q2 2024 Earnings Report

Reported second quarter 2024 financial results and provided business update.

Key Takeaways

Phathom Pharmaceuticals reported net revenues of $7.3 million for the second quarter 2024, a greater than 280% increase compared to the first quarter 2024. The company also highlighted the FDA approval of VOQUEZNA 10 mg tablets for heartburn associated with Non-Erosive GERD and the expansion of commercial coverage to over 116 million U.S. lives.

Over 122,000 prescriptions for VOQUEZNA® products written by healthcare providers, launch to date, a 184% increase since last quarterly report

Net revenues of $7.3 million reported for the second quarter 2024 compared to $1.9 million in the first quarter 2024, greater than a 280% increase

VOQUEZNA (vonoprazan) tablets 10mg now FDA-approved and available to treat heartburn associated with Non-Erosive Gastroesophageal Reflux Disease (GERD) in adults – unlocking the entire GERD market of over 22 million diagnosed and annually treated patients

Expansion of commercial coverage for VOQUEZNA tablets now includes over 116 million U.S. lives, an estimated 77% of total U.S. commercial lives

Total Revenue
$7.32M
EPS
-$1.25
Previous year: -$0.84
+48.8%
Gross Profit
$5.95M
Cash and Equivalents
$276M
Previous year: $249M
+11.0%
Free Cash Flow
-$70.8M
Previous year: -$22.2M
+218.7%
Total Assets
$319M
Previous year: $265M
+20.5%

Phathom

Phathom