Swedisg drugmaker Egetis's Q1 revenue rises 9% on Emcitate sales in Europe
Cummins CMI | 0.00 |
Overview
Sweden rare disease drugmaker's Q1 revenue rose 9% at CER
Adjusted EPS for Q1 was SEK -0.2
FDA accepted NDA for Emcitate, granted priority review with PDUFA date set for Sept 28, 2026
Outlook
Company expects FDA decision on Emcitate by September 28, 2026
Egetis is accelerating U.S. launch preparations for Emcitate ahead of potential approval
Company aims to optimize pricing and reimbursement and continue Emcitate launch in Europe
Result Drivers
EUROPEAN LAUNCH - Revenue growth attributed to Emcitate sales in Europe, with Germany and Italy highlighted as key markets
NAMED PATIENT SALES - Additional revenue generated from named patient sales in Poland and Turkey
Company press release: ID:nMFN145NVv
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Revenue |
Miss |
SEK 13.40 mln |
SEK 21.85 mln (2 Analysts) |
Q1 Adjusted EPS |
|
-SEK 0.20 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy"
Wall Street's median 12-month price target for Egetis Therapeutics AB (publ) is SEK14.00, about 141.8% above its April 28 closing price of SEK5.79
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago
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