Kiniksa Forecasts Arcalyst Revenues Of $220M-$230M Compared To Prior Guidance Of $200M-$215M; Cash & Cash Equivalents Of $185M Is Expected To Provide Cash Runway Into 2027
Portfolio Pulse from Benzinga Newsdesk
Kiniksa Pharmaceuticals has revised its revenue forecast for Arcalyst, expecting to generate $220M-$230M, up from the previous guidance of $200M-$215M. The company also reported cash and cash equivalents of $185M, which is expected to provide a cash runway into 2027.
July 25, 2023 | 11:35 am
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Kiniksa Pharmaceuticals has increased its revenue forecast for Arcalyst, which could indicate strong sales performance. The company's cash position also appears strong, providing a cash runway into 2027.
The increase in revenue forecast for Arcalyst suggests that Kiniksa Pharmaceuticals is expecting strong sales performance for this product. This could potentially lead to an increase in the company's stock price in the short term. Additionally, the company's strong cash position indicates financial stability, which is also a positive signal to investors.
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