Amylyx Pharmaceuticals Announces Formal Intention to Remove Relyvrio/Albrioza From The Market
Portfolio Pulse from Benzinga Newsdesk
Amylyx Pharmaceuticals announced its intention to remove Relyvrio/Albrioza from the market, affecting new patients immediately. Current patients in the U.S. and Canada can continue their treatment through a free drug program. The PHOENIX Open Label Extension study is still ongoing.
April 04, 2024 | 11:16 am
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Amylyx Pharmaceuticals' decision to remove Relyvrio/Albrioza from the market could impact its financial performance and investor sentiment.
Removing a product from the market, especially one that may have been anticipated to generate significant revenue, can negatively affect a company's financial outlook and investor confidence. The provision of a free drug program for existing patients may also incur costs without generating revenue, further impacting financial performance. However, the ongoing PHOENIX study suggests continued investment in research, which could mitigate some negative perceptions.
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IMPORTANCE 90
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