Marinus Pharmaceuticals Now Expects 2023 ZTALMY Net Product Revenues Of $18.5M-$19M Vs Previous Guidance Of $17M-$18.5M; Cash Runway Projected Into Q4 2024
Portfolio Pulse from Benzinga Newsdesk
Marinus Pharmaceuticals has revised its 2023 net product revenues for ZTALMY to $18.5M-$19M, up from the previous guidance of $17M-$18.5M. The company also projects its cash runway to extend into Q4 2024.
November 07, 2023 | 12:15 pm
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POSITIVE IMPACT
Marinus Pharmaceuticals has increased its 2023 revenue forecast for ZTALMY and extended its cash runway projection. This could potentially boost investor confidence and positively impact the stock in the short term.
The increase in revenue forecast indicates that Marinus Pharmaceuticals expects higher sales for ZTALMY in 2023. This, coupled with the extended cash runway, suggests a positive financial outlook for the company, which could lead to a rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100