Ipsen Reports Solid Sales Growth in First Quarter 2020 With Limited COVID-19 Impact
IPSEN SA S/ADR (IPSEY)
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Source: Business Wire
Continued momentum with Q1 2020 Group sales growth of 9.6% as reported, or 8.7%1 at constant exchange ratesLimited Q1 2020 financial impact from COVID-19 given resilient Specialty Care product portfolio comprised mostly of highly-differentiated treatments for critical conditions. Levels of inventory are adequate and no supply chain issues are anticipated. Limited disruption to ongoing clinical trials 2020 Guidance remains suspended as announced in March given the uncertainty around the duration and scale of the COVID-19 pandemicSignificant progress for palovarotene with clearance to re-initiate dosing in fibrodysplasia ossificans progressiva (FOP) patients 14 years of age and older, and complete response submitted to the FDA’s questions related to the partial clinical hold on patients under 14 years of age in palovarotene trialsFocus on near-term priorities: executing on COVID-19 business continuity plan, identifying a new CEO and determining the regulatory pathway for palovarotene fo
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