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Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH) is a specialty pharmaceutical company headquartered in Rancho Cucamonga, California. Established in 1996, Amphastar is known for developing, manufacturing, and marketing injectable and inhalation products using state-of-the-art, cGMP-compliant facilities. The company operates five manufacturing facilities across the United States, China, and Europe, along with a cutting-edge new drug research center.
Amphastar's core business revolves around producing approximately 15 injectable products, with a strong focus on both generic and branded drugs that target large markets with high technical barriers to entry. The company's comprehensive portfolio includes injectable, inhalation, and intranasal products, catering to hospitals and urgent care clinical settings. These products are distributed through group purchasing organizations and drug wholesalers, with the majority of revenue being generated in the United States.
The company leverages its longstanding relationships with major group purchasing organizations and drug wholesalers in the U.S. to establish significant market share quickly. Amphastar's finished pharmaceutical products and Active Pharmaceutical Ingredient (API) products are divided into two main segments: Finished Pharmaceutical Products and API Products.
Recent achievements for Amphastar include the acquisition of commercially successful products like BAQSIMI® and the strategic expansion of their diabetes portfolio. The company reported impressive financial results for the third quarter of 2023, with net revenues of $180.6 million and a GAAP net income of $49.2 million. The strong performance was driven by their diabetes portfolio and the newly acquired BAQSIMI®.
Amphastar's product development pipeline is robust, with multiple ANDAs and biosimilar products targeting significant market opportunities. The company also announced the FDA approval of Albuterol Sulfate Inhalation Aerosol, marking a milestone in their ability to develop complex generic inhalation products. This approval reflects Amphastar’s technological and manufacturing expertise, positioning the company for future growth.
Amphastar's commitment to quality and innovation is further demonstrated by their strategic acquisition and integration activities, focused on maximizing commercial potential and delivering high-quality pharmaceutical solutions. The company continues to enhance its pipeline with both generic and proprietary products, targeting products with large market sizes and high growth potential.
For more information, visit www.amphastar.com.
Amphastar Pharmaceuticals reported net revenues of $95.9 million for Q4 2020, up 15% year-over-year. Despite a GAAP net loss of $6.3 million or $0.13 per share, the company posted adjusted non-GAAP net income of $8 million, translating to $0.16 per share. For the full year, revenues reached $349.8 million, a 9% increase, with a GAAP net income of $1.4 million. Growth was driven by Primatene Mist® and epinephrine sales following recent product approvals. The firm remains optimistic for 2021, buoyed by a strong pipeline and recent FDA approvals.
Amphastar Pharmaceuticals (NASDAQ: AMPH) will announce its fourth quarter 2020 financial results on March 15, 2021, after market close. A conference call is scheduled for 2:00 PM PT to discuss the results. Amphastar specializes in developing and selling generic and proprietary injectable and inhalation products used primarily in hospital settings. The announcement includes forward-looking statements regarding financial performance, market growth, and the potential impacts of COVID-19 on operations.
Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) will participate in the Analyst-Moderated fireside chat at the Raymond James 2021 Institutional Healthcare Conference on March 2, 2021, at 1:20 PM Eastern Time. The event features key executives, including CFO Bill Peters and Sr. VP Tony Marrs. A webcast of the presentation will be available on the company's website for 90 days post-event. Amphastar specializes in developing and selling generic and proprietary injectable products, primarily for hospital settings. Further details about the company can be found on their website.
Amphastar Pharmaceuticals (NASDAQ: AMPH) received FDA approval for its Glucagon for Injection Emergency Kit, 1 mg, marking the first FDA approval of a generic version of rDNA Glucagon. This product is indicated for severe hypoglycemia treatment and is bioequivalent to Eli Lilly's product. U.S. sales for Eli Lilly’s Glucagon Emergency Kit were approximately $144 million. Amphastar plans to launch the product within two months. The company has multiple ANDAs filed, targeting a market size of about $1.4 billion, with additional biosimilars and generics in development.
Amphastar Pharmaceuticals reported net revenues of $83.4 million for Q3 2020, a 4% increase year-over-year. GAAP net income rose to $3.9 million, or $0.08 per share, while adjusted non-GAAP net income reached $7.6 million, or $0.15 per share. Key contributors to revenue growth included strong sales from Primatene Mist® and the successful re-launch of the epinephrine vial. The company remains focused on product development with five ANDAs targeting $1.5 billion market and three biosimilars targeting $13 billion in the pipeline.
Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) will announce its third quarter 2020 financial results on November 6, 2020, before market opening. A conference call will follow at 9:00 a.m. Pacific Time to discuss the results. Amphastar specializes in developing and marketing generic and proprietary injectable and inhalation products, primarily for hospital use. The company emphasizes its commitment to high-quality products with technical barriers and operates mainly through group purchasing organizations and wholesalers.
Amphastar Pharmaceuticals announced FDA approval for Atropine Sulfate injection 0.1mg/mL in a 10 mL Prefilled Syringe. This marks a significant shift from being marketed under the 'unapproved' status for 40 years, with 2019 net revenues of $12.2 million. CEO Dr. Jack Zhang emphasized that this approval addresses drug shortages and showcases Amphastar's manufacturing capabilities. The company has four ANDAs filed targeting a market size of $1.5 billion, three biosimilars worth $13 billion, and nine generics totaling $12 billion in development.
Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) will participate in an Analyst-Moderated fireside chat at the Wells Fargo 2020 Virtual Healthcare Conference on September 10, 2020, at 3:20 p.m. ET. Key executives, including CFO Bill Peters, will present. A live webcast will be available on Amphastar’s website and accessible for 90 days. Amphastar focuses on developing injectable and inhalation products, primarily for hospital settings. The company sells insulin active pharmaceutical ingredients and markets its products through wholesalers and group purchasing organizations.
Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) will present at the BMO Prescriptions for Success Healthcare Conference on June 23, 2020, at 1:00 p.m. Eastern Time. The presentation will feature CFO Bill Peters, VP Dan Dischner, and SVP Tony Marrs. Investors can access the live webcast on Amphastar's website, which will be available for 90 days after the event. Amphastar specializes in developing and selling generic and proprietary injectable and inhalation products, primarily for hospital and urgent care settings.
Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) will present at the Raymond James Virtual 2020 Human Healthcare Innovation Conference on June 18, 2020, at 11:40 a.m. ET. Key executives, including CFO Bill Peters, VP Dan Dischner, and SVP Tony Marrs, will participate in the event. The presentation will be available via a live webcast on Amphastar’s website, with access for 90 days post-event. Amphastar specializes in developing and marketing injectable, inhalation, and intranasal pharmaceutical products, primarily for hospital and clinical settings.
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