Welcome to our dedicated page for Catalyst Pharmaceutical news (Ticker: CPRX), a resource for investors and traders seeking the latest updates and insights on Catalyst Pharmaceutical stock.
Catalyst Pharmaceuticals Inc. (CPRX) is a pioneering biopharmaceutical company dedicated to developing and commercializing innovative therapies for rare and debilitating diseases. The company's primary focus lies in addressing chronic neuromuscular and neurological conditions that severely impact patients' lives. Among its core areas are Lambert-Eaton myasthenic syndrome (LEMS), congenital myasthenic syndromes (CMS), infantile spasms, and Tourette's disorder.
Firdapse®, Catalyst's lead candidate, is a proprietary form of amifampridine phosphate designed for the treatment of patients with LEMS. This drug has successfully completed a global, multi-center, double-blinded randomized pivotal Phase 3 trial, yielding positive top-line data. Following these promising results, Catalyst submitted a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA), seeking approval for the treatment of both LEMS and CMS. Notably, Firdapse® has received breakthrough therapy designation and orphan drug designation from the FDA for these conditions. Additionally, Firdapse® stands as the first and only European-approved drug for symptomatic treatment in adults with LEMS.
Catalyst Pharmaceuticals is also advancing CPP-115, a promising candidate for the treatment of infantile spasms, epilepsy, and other neurological conditions. This initiative underscores the company's commitment to addressing unmet medical needs within the realm of rare diseases.
The company boasts a solid financial foundation, enabling sustained investment in research and development, as well as strategic partnerships to enhance its product pipeline. Catalyst's innovative approach and dedication to improving patients' lives make it a significant player in the biopharmaceutical industry.
Latest News:
- Santhera's study reports the results of the 48-week treatment with Vamorolone in patients with Duchenne Muscular Dystrophy (DMD), supporting the long-term efficacy and safety profile of Vamorolone. (Reference: Neurology 2024;102:e208112)
- Financial highlights and recent business updates, including the 2024 outlook and details about an upcoming conference call and webcast on February 29, 2024.
Catalyst Pharmaceuticals (NASDAQ: CPRX), a commercial-stage biopharmaceutical company specializing in rare and difficult-to-treat diseases, has announced its participation in the 43rd Annual J.P. Morgan Healthcare Conference. The company's President and CEO, Richard J. Daly, will deliver a presentation on Thursday, January 16, 2025, at 10:30 am PST in San Francisco.
The presentation will be accessible via webcast through the Investors section of Catalyst's website, with a replay available for a minimum of 30 days following the event. This conference represents a significant platform for Catalyst to showcase its developments in novel medicines and treatments.
Catalyst Pharmaceuticals (NASDAQ: CPRX) has been ranked 452nd on the 2024 Deloitte Technology Fast 500™ list, showcasing North America's fastest-growing companies across technology, media, telecommunications, life sciences, fintech, and energy tech sectors. The company achieved 234% revenue growth between 2020 and 2023, attributed to operational excellence and strong commercial execution.
The 30th annual rankings featured companies with growth rates ranging from 201% to 153,625%, with an average of 1,981% and a median of 460%. Notably, this year marked a significant breakthrough in private company performance, with the software and fintech sectors showing particularly strong representation.
Catalyst Pharmaceuticals (Nasdaq: CPRX) has announced its participation in two major upcoming investor conferences. The company's President and CEO Richard J. Daly, along with other management team members, will present at the Piper Sandler 36th Annual Healthcare Conference on Tuesday, December 3, 2024, at 2:00 PM ET, and at Citi's 2024 Global Healthcare Conference on Wednesday, December 4, 2024, at 1:00 PM ET. Both presentations will be available via webcast on the company's website under the Investors section, with replays accessible for at least 30 days.
Catalyst Pharmaceuticals (Nasdaq: CPRX) has been named among the BioSpace 2025 Best Places to Work, joining 50 other U.S. employers recognized as the most sought-after in the industry. The recognition comes from votes and ratings by thousands of life sciences community members, evaluating companies based on culture, career growth, leadership, and innovation.
The selection process, conducted in 2024, involved nominations in June and voting in August, with over 3,000 life sciences professionals rating organizations on factors including compensation, innovation, career opportunities, leadership, culture, DEI, reputation, and work flexibility. President and CEO Richard J. Daly highlighted the company's commitment to creating an environment that promotes growth, development, and trust while focusing on improving patient care for rare diseases.
Catalyst Pharmaceuticals reported strong Q3 2024 financial results with total revenues of $128.7 million, up 25.3% year-over-year. The company's performance was driven by FIRDAPSE net product revenues of $79.3 million (+19.7% YoY), AGAMREE revenues of $15.0 million, and FYCOMPA revenues of $32.1 million. Q3 GAAP net income reached $43.9 million ($0.35 per diluted share), while non-GAAP net income was $71.1 million ($0.57 per diluted share). The company updated its 2024 full-year total revenue guidance to between $475-485 million, with cash and cash equivalents at $442.3 million as of September 30, 2024.
Catalyst Pharmaceuticals (Nasdaq: CPRX) has announced that it will release its third quarter 2024 financial results after the market close on Wednesday, November 6, 2024. The company's management team will host a conference call and webcast on Thursday, November 7, 2024, at 8:30 AM ET to discuss the financial results and provide a business update.
Interested parties can access the conference call via the following dial-in numbers:
- US/Canada: 800-715-9871
- International: 646-307-1963
Catalyst Pharmaceuticals, a commercial-stage biopharmaceutical company focused on rare diseases, has donated $100,000 to the American Red Cross for Hurricane Helene relief efforts. The donation aims to support communities impacted by the widespread devastation caused by the hurricane. Richard J. Daly, President and CEO of Catalyst, expressed the company's commitment to helping those affected during this crisis.
Anne McKeough, Chief Development Officer at the American Red Cross, thanked Catalyst for their generous contribution. The Red Cross has mobilized over 1,400 disaster responders across the Carolinas, Tennessee, Georgia, and Florida to provide shelter, meals, and comfort to families facing destruction. Catalyst's donation will help sustain these vital efforts and bring hope to those in need.
Catalyst Pharmaceuticals (Nasdaq: CPRX) announced its participation in the BofA Securities CNS Therapeutics Virtual Conference 2024. The event is scheduled for Monday, October 7, 2024, with Catalyst's presentation set for 9:50 am ET.
Richard J. Daly, President and CEO of Catalyst, along with other management team members, will represent the company. Catalyst is a commercial-stage biopharmaceutical firm focusing on in-licensing, developing, and commercializing novel medicines for rare and difficult-to-treat diseases.
A webcast of the presentation will be available on Catalyst's website under the Investors section, with a replay accessible for at least 30 days following the event.
Catalyst Pharmaceuticals announced that its sub-licensee in Japan, DyDo Pharma, has received approval from the Ministry of Health, Labor and Welfare of Japan to commercialize FIRDAPSE® (amifampridine) Tablets 10 mg for treating Lambert-Eaton Myasthenic Syndrome (LEMS) in Japan. This approval marks a significant advancement in LEMS treatment, addressing unmet needs of patients in Japan.
FIRDAPSE is the only FDA-approved treatment for LEMS in the United States, indicated for adults and pediatric patients six years and older. LEMS is a rare autoimmune disorder characterized by muscle weakness and fatigue, with about 50% of LEMS patients having underlying cancer. This approval aligns with Catalyst's commitment to expanding its rare disease product portfolio globally.
Catalyst Pharmaceuticals (Nasdaq: CPRX), a commercial-stage biopharmaceutical company, has announced its participation in three upcoming investor conferences in September 2024. The company's management team, including CEO Richard J. Daly, will be presenting at:
- 2024 Wells Fargo Healthcare Conference on September 5 at 2:15 PM ET
- H.C. Wainwright 26th Annual Global Investment Conference on September 9 (virtual) at 7:00 AM ET
- 2024 Cantor Global Healthcare Conference on September 18 at 2:30 PM ET
Webcasts of these presentations will be available on the company's website under the Investors section, with replays accessible for at least 30 days.
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