Scilex Holding Company Announces That According To Prescription Data From Symphony Health, ZTlido Is The Most Prescribed Non-Opioid Branded Pain Treatment By Pain Specialists
Portfolio Pulse from Benzinga Newsdesk
Scilex Holding Company reported that ZTlido, its non-opioid pain treatment, is now the most prescribed by pain specialists, with a market share increase from 11.8% to 14.2% year-over-year in October. Year-to-date gross sales for ZTlido through November 2023 are estimated between $125.0 million to $135.0 million, a significant increase from $84.6 million in the same period of 2022. The projected full year gross sales for 2023 are expected to be between $140.0 million to $150.0 million, marking an estimated growth of 46% to 56% compared to $96.0 million in 2022.

December 20, 2023 | 2:08 pm
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POSITIVE IMPACT
Scilex's ZTlido has become the most prescribed non-opioid pain treatment, with a growing market share and substantial year-over-year sales increase, indicating strong performance and market acceptance.
The positive sales performance and market share growth of ZTlido are strong indicators of Scilex's commercial success and could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100