Ultragenyx Pharmaceutical Expects Q3 Crysvita Revenue Of $74M-$76M And Dojolvi Revenue Of $16M-$17M
Portfolio Pulse from Benzinga Newsdesk
Ultragenyx Pharmaceutical expects Q3 revenue from Crysvita to be between $74M-$76M and Dojolvi revenue to be between $16M-$17M. The decrease in Crysvita revenue in the US was due to a decrease in channel inventory related to Kyowa Kirin Co's change from Ultragenyx labeled product to KKC’s labeled product.
October 16, 2023 | 12:17 pm
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Ultragenyx Pharmaceutical expects a decrease in Q3 Crysvita revenue due to a change in channel inventory. However, the company expects inventories to normalize by the end of the year.
The decrease in Crysvita revenue due to a change in channel inventory could negatively impact Ultragenyx's Q3 earnings. However, the company expects inventories to normalize by the end of the year, which could mitigate the impact.
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