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Stock impact report

SpringWorks Therapeutics Inc (SWTX) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and ... [Yahoo! Finance]

SpringWorks Therapeutics, Inc. - common stock (SWTX) 
Last springworks therapeutics, inc. - common stock earnings: 3/12 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
SpringWorks Therapeutics Inc ( NASDAQ:SWTX ) reported $49.3 million in net product revenue for the third quarter, representing a 23% growth quarter over quarter. The company has successfully launched 100 mg and 150 mg strength tablets in blister packaging, improving patient convenience and adherence. The addressable patient population for desmoid tumors is larger than initially estimated, with 10,000 unique patients identified through new diagnosis codes. SpringWorks Therapeutics Inc ( NASDAQ:SWTX ) has a strong balance sheet with $498 million in cash, cash equivalents, and marketable securities, expected to fund operations through profitability by the first half of 2026. The NDA for nirogacestat for NF1-PN has been granted priority review, with potential FDA approval anticipated in early 2025, positioning it as a first-in-class treatment for adults and a best-in-class option for children. The transition to blister packs caused short-term delays in prescription refills, imp Show less Read more
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