Welcome to our dedicated page for Adma Biologics news (Ticker: ADMA), a resource for investors and traders seeking the latest updates and insights on Adma Biologics stock.
ADMA Biologics Inc. (ADMA) is a commercial-stage biopharmaceutical company advancing plasma-derived therapies for immune deficiencies and infectious diseases. This dedicated news hub provides verified updates on corporate developments, regulatory milestones, and clinical progress.
Investors and healthcare professionals will discover timely coverage of earnings announcements, FDA decisions, manufacturing innovations, and strategic partnerships. Our curated selection emphasizes ADMA’s operational achievements in plasma collection, biomanufacturing excellence, and therapeutic pipeline advancements.
Key updates include product authorization progress, financial disclosures, patent developments, and peer-reviewed research findings. All content undergoes rigorous verification to ensure accuracy for investment and industry analysis.
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ADMA Biologics has announced the election of Cyndi Tolman, Senior Vice President of Plasma Services, to the PPTA Source Board for the 2022-2024 term. This appointment is seen as a recognition of her leadership in expanding the ADMA BioCenters collection network. President and CEO Adam Grossman expressed confidence in Tolman's experience to advocate for access to plasma-derived therapies. The PPTA works to ensure affordable therapies and support regulatory dialogue. ADMA operates FDA-licensed facilities for plasma collection and has three FDA-approved plasma-derived biologics in its portfolio.
ADMA Biologics has expanded its operational footprint with the opening of a new plasma collection center in Myrtle Beach, SC. This addition brings the total to six operational centers, with three more under construction, highlighting the company's strategy to enhance its plasma supply chain. By the end of 2023, ADMA aims to have ten licensed plasma centers, bolstering its revenue growth potential for its commercial Immune Globulin portfolio. The new center is equipped with advanced technology to improve donation efficiency and is expected to support the company's goal of self-sufficiency in plasma supply.
ADMA Biologics reported a strong third quarter of 2021, with revenues of $20.7 million, reflecting a 101% increase from the previous year. For the first time, the company achieved a positive gross profit of approximately $0.4 million, narrowing its net loss to $17.7 million. The company's balance sheet was strengthened by a public offering, raising $57.5 million in gross proceeds. Looking ahead, ADMA aims to reach profitability by the first quarter of 2024 and is expanding its plasma collection network.
ADMA Biologics will announce its Q3 2021 financial results on November 10, 2021, after U.S. markets close. A conference call will follow at 4:30 p.m. ET to discuss these results and provide company updates. ADMA, focused on specialty plasma-derived biologics, has three FDA-approved products: ASCENIV™, BIVIGAM®, and NABI-HB®, aimed at treating immunodeficient patients. The company manufactures these products at its FDA-licensed facility in Florida.
ADMA Biologics announced the closing of its underwritten public offering of 50 million shares at $1.00 per share, with an additional 7.5 million shares sold through the underwriters’ option, totaling $57.5 million in gross proceeds. The funds will support the commercial sales of FDA-approved products, expand plasma collection facilities, increase manufacturing capacity, and explore business development opportunities. The offering was conducted under a previously filed shelf registration statement.
ADMA Biologics (ADMA) presented a poster at the ISIRV-WHO Conference detailing ASCENIV™'s use in treating a COVID-19 patient with severe respiratory distress. The study involved a 70-year-old male with bronchiectasis whose condition improved after receiving ASCENIV™ alongside other treatments. Ultimately, the patient's respiratory function recovered, indicating potential benefits of ASCENIV™ for vulnerable populations battling severe respiratory diseases. Further research is required to validate these findings.
ADMA Biologics has priced a public offering of 50 million shares at $1.00 each, aiming to raise around $50 million before expenses. The offering is set to close on October 25, 2021, pending standard conditions. The company has extended a 30-day option for underwriters to purchase an additional 7.5 million shares. Proceeds will be used for enhancing commercial sales of FDA-approved products, expanding plasma collection facilities, increasing manufacturing capacity, exploring new business opportunities, and general corporate expenses.
ADMA Biologics, Inc. (Nasdaq: ADMA) announced its intention to conduct an underwritten public offering of common stock. The company aims to grant underwriters a 30-day option to purchase an additional 15% of the shares. Proceeds from the offering will be used to advance commercial sales of FDA-approved products, expand the plasma collection facility network, scale manufacturing capacity, explore business development opportunities, and for general corporate purposes. The offering is subject to market conditions and is filed under a shelf registration statement with the SEC.
ADMA Biologics (ADMA) announced a poster presentation at the virtual 2021 ISIRV-WHO Conference on October 19-22. The poster details the clinical impact of ASCENIV™, a novel intravenous immune globulin, as a concomitant therapy for a patient with severe respiratory viral disease and COVID-19. ASCENIV, approved by the FDA in April 2019, treats primary humoral immunodeficiency (PI). ADMA manufactures and markets three FDA-approved plasma-derived biologics, focusing on immunocompromised patients and infectious diseases.
ADMA Biologics announced the appointment of Young T. Kwon, Ph.D., to its Board of Directors. Dr. Kwon brings over a decade of experience in corporate finance and strategic advising within the life sciences industry. His previous roles include C-suite positions and leading a $6.5 billion acquisition at Momenta Pharmaceuticals. Chairman Steven Elms emphasized Dr. Kwon's strategic insights as crucial for ADMA's revenue growth in its immunoglobulin product line. Dr. Kwon expressed his commitment to enhancing shareholder value by maximizing the potential of ADMA's biologics manufacturing platform.
