Cipher Pharmaceuticals Posts Steady Growth in 2023

Cipher Pharmaceuticals Inc (TSE:CPH) has released an update.

Cipher Pharmaceuticals Inc. reported a modest year-over-year revenue growth of 2.4% to $21.2 million for 2023, alongside an increase in adjusted EBITDA by 2.2%. Their cash position stood at $39.8 million at the end of the year, with a notable 10% growth in Epuris revenue during the fourth quarter. The company also repurchased and cancelled over 1.5 million common shares under its issuer bid programs, reflecting its ongoing capital management strategies.

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