Strong Financial Performance
Basilea reported a tripling of operating profit and a five-fold increase in operating cash flow for 2024. Total revenue grew by 32% to CHF208.5 million, with Cresemba and Zevtera-related revenue increasing by 30% year-on-year.
Cresemba Sales Growth
Cresemba achieved a 20% increase in global in-market sales, totaling over $0.5 billion for the 12-month period ending September 2024. It remains the largest branded antifungal for invasive fungal infections worldwide.
Zevtera U.S. Approval
Zevtera received FDA approval for a broad range of indications in the U.S., with Innoviva Specialty Therapeutics as the commercialization partner.
Non-Dilutive R&D Funding
Basilea secured significant non-dilutive funding, including up to $268 million from BARDA and additional grants from CARB-X to support antifungal and antibiotic development.
Pipeline Expansion
Significant progress was made in expanding the pipeline, including the initiation of Phase 3 studies for fosmanogepix, development of BAL2420, and acquisition of LptA inhibitors.