Updated 2023 Guidance For Revenues From Collaborations And Royalties To $575M-$625M; Reiterated 2023 Guidance For Combined Net Product Revenues Of $1.2B-$1.285B
Portfolio Pulse from Benzinga Newsdesk
The 2023 financial guidance has been updated, with combined net product revenues for ONPATTRO, AMVUTTRA, GIVLAARI, and OXLUMO remaining unchanged at $1.2B-$1.285B. However, the revenues from collaborations and royalties have been significantly increased from $100M-$175M to $575M-$625M. GAAP R&D and SG&A expenses remain unchanged.
November 02, 2023 | 12:12 pm
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The updated 2023 financial guidance shows a significant increase in revenues from collaborations and royalties for ALNY, which could positively impact the company's stock.
The significant increase in projected revenues from collaborations and royalties indicates a positive financial outlook for the company, which could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100