Stellar Financial Performance in 2024
Amneal Pharmaceuticals delivered double-digit revenue and adjusted EBITDA growth in 2024, with net leverage reduced below four times.
Successful Launch of Crexent
Crexent was launched successfully, achieving about 1% market share in four months and projected to reach over 3% by year-end. Expected US peak sales are between $300 to $500 million.
Entry into High-Growth Weight Loss Market
Amneal entered the weight loss and obesity space through a strategic collaboration with Medcera, aiming to leverage the projected $150 billion global market by 2030.
Double-Digit Growth in All Segments
The affordable medicine segment grew by 15%, specialty by 14%, and RevCare by 25% in 2024.
Strong Q4 Revenue Growth
Q4 revenues grew by 18%, driven by new product launches and biosimilars, with biosimilars revenue increasing by 49%.
Deleveraging Success and Credit Rating Upgrade
Amneal reduced net leverage from 4.8 times to 3.9 times and received credit rating upgrades from S&P and Moody's.