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Karyopharm Therapeutics Inc. (Nasdaq: KPTI) will participate in the 2024 RBC Capital Markets Global Healthcare Conference with a fireside chat on May 15. The live webcast can be accessed on the company's website.
Karyopharm Therapeutics Inc. announced significant refinancing transactions, extending the vast majority of its debt maturities to 2028 and 2029. The company exchanged $148.0 million of existing convertible notes due in 2025 for $111.0 million of new convertible notes due in 2029 and warrants. Additionally, a new $100.0 million senior secured term loan was issued, repaying principal portions and amending a royalty agreement with HealthCare Royalty. These transactions fortify the company's balance sheet and enhance its ability to unlock the potential of selinexor.
Karyopharm Therapeutics Inc. reported first-quarter 2024 financial results, highlighting revenue of $33.1 million, with $26.0 million from U.S. XPOVIO net product revenue. The company reaffirmed its full-year revenue guidance of $140.0 million to $160.0 million, including U.S. XPOVIO net product revenue guidance of $100.0 million to $120.0 million. Karyopharm made significant refinancing transactions and amended a royalty agreement to extend debt maturities into 2028 and 2029, strengthening its position for future growth. The company also presented data from the Phase 3 SIENDO trial of Selinexor maintenance treatment in endometrial cancer patients at the 2024 ASCO Annual Meeting.
Karyopharm Therapeutics Inc. (Nasdaq: KPTI) will report its first quarter 2024 financial results on May 8, 2024. The management team will host a conference call and audio webcast to discuss the financial results and other updates. Investors can access the call and webcast through the company's website.
Karyopharm Therapeutics Inc. granted 72,700 restricted stock units (RSUs) to five new employees on April 30, 2024, under the 2022 Inducement Stock Incentive Plan. These RSUs will vest over three years, with 33 1/3% vesting annually. The awards are subject to continued service and can be fully exercisable in case of a 'change in control event' within the first year.
