Blueprint Medicines Expects 2024 Ayvakit Net Product Revenues Of $475M-$480M Compared To Prior Guidance Of $435M-$450M
Portfolio Pulse from Benzinga Newsdesk
Blueprint Medicines has raised its 2024 net product revenue guidance for Ayvakit to $475M-$480M, up from $435M-$450M, due to growth in patient therapy and strong performance outside the U.S. The company expects reduced operating expenses and cash burn in 2024, aiming for a self-sustainable financial profile.
October 30, 2024 | 11:05 am
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Blueprint Medicines has increased its 2024 revenue guidance for Ayvakit, indicating strong growth and performance, especially internationally. The company also plans to reduce operating expenses and cash burn, aiming for financial sustainability.
The increase in revenue guidance suggests strong business performance, which is typically positive for stock prices. The company's focus on reducing expenses and achieving financial sustainability further supports a positive outlook.
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