Record Revenue Growth
Total revenue for 2024 grew 50% year-on-year, with a 66% growth in the fourth quarter. Full-year revenue was $399 million.
Successful Launches and Product Performance
VYVGART generated $93.6 million in sales in its first year, with fourth quarter sales of $30 million. New products like VYVGART Hytrulo, AUGTYRO, and XACDURO were launched successfully.
Pipeline Advancements
Significant progress in the pipeline, including positive data readouts for KarXT, Tumor Treating Fields, and TIVDAK. Regulatory submissions and approvals are on track for multiple products.
Cost Efficiency and Profitability Outlook
Loss from operations improved by 45% in Q4 and 23% for the full year. The company is on track to reach profitability by Q4 2025.
Strong Cash Position
The company maintains a robust cash position of $879.7 million to support future growth.