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Everest Medicines Announces Interim Results for First Half of 2024 [Yahoo! Finance]

Calliditas Therapeutics AB - American Depositary Shares (CALT) 
Company Research Source: Yahoo! Finance
development, manufacturing and commercialization of innovative medicines and vaccines, today announced its interim results for the first half of 2024 along with a corporate update. "Our total revenue for the first half of 2024 reached RMB 301.5 million , a significant growth of 158% compared to the second half of 2023, while operating expenses as a percentage of revenue[1] declined by 249%, reflecting significant improvement on operating efficiency," commented Rogers Yongqing Luo, CEO of Everest Medicines. "Notably, our non-IFRS loss narrowed by 35%, and our gross margin excluding non-cash items was 83%. For the first time in Company history, we have achieved commercial level profitability[2]. Our cash balance of RMB1.93 billion remains strong and provides significant flexibility to fund the continued growth of our business. In the first half of 2024, we accomplished multiple commercialization milestones. NEFECON ® , our lead product in the renal portfolio and the first-in-disease t Show less Read more
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