CAPLYTA Raised 2024 Net Product Sales Guidance Range To $665M-$685M From $650M-$680M Vs .$66.573M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intra-Cellular Therapies (ITCI) has raised its 2024 net product sales guidance for CAPLYTA to $665M-$685M, up from the previous $650M-$680M. The company also narrowed its SG&A and R&D expense guidance ranges for the year.
October 30, 2024 | 11:43 am
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POSITIVE IMPACT
Intra-Cellular Therapies has increased its 2024 sales guidance for CAPLYTA, indicating a positive outlook for the company's revenue. The adjustment in SG&A and R&D expenses suggests a more focused financial strategy.
The increase in sales guidance for CAPLYTA suggests higher expected revenue, which is a positive indicator for ITCI's financial performance. The narrowing of expense guidance ranges indicates a more precise financial strategy, potentially leading to better cost management.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100