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Jazz Pharmaceuticals, Inc. (Nasdaq: JAZZ) is a global biopharmaceutical company dedicated to improving patients' lives by identifying, developing, and commercializing meaningful products that address unmet medical needs. Headquartered in Dublin, Ireland, with U.S. offices in Palo Alto, CA, and Philadelphia, PA, Jazz Pharmaceuticals employs over 875 people worldwide, fostering a highly collaborative and entrepreneurial culture.
Core Business: Jazz Pharmaceuticals focuses on three main therapeutic areas: sleep, hematology/oncology, and pain. The company's diverse product portfolio includes nine approved therapies across neuroscience and oncology indications. Notable products include Xyrem and Xywav for narcolepsy, Zepzelca for metastatic small cell lung cancer, Rylaze for acute lymphoblastic leukemia, Vyxeos for acute myeloid leukemia, and Epidiolex for severe forms of epilepsy, acquired through the purchase of GW Pharmaceuticals in May 2021.
Recent Achievements: In 2023, Jazz Pharmaceuticals reported strong financial performance, achieving over $3.8 billion in total revenue. The company also completed enrollment for a Phase 3 trial of Zepzelca in first-line small cell lung cancer and advanced several late-stage pipeline projects. In May 2024, the U.S. FDA accepted the Biologics License Application (BLA) for zanidatamab, a HER2-targeted bispecific antibody, with a Priority Review designation for treating biliary tract cancer.
Current Projects: Jazz Pharmaceuticals remains committed to expanding its product portfolio through R&D and strategic acquisitions. Ongoing projects include the development of zanidatamab for multiple HER2-expressing cancers, the Phase 3 trial for the combination of zanidatamab with standard chemotherapy for advanced gastric cancer, and the optimization of Epidiolex for broader epilepsy indications.
Financial Condition: As of December 31, 2023, Jazz Pharmaceuticals reported cash and cash equivalents of $1.6 billion. The company sustained a strong operational cash flow, generating $1.09 billion in 2023. Despite an outstanding long-term debt of $5.8 billion, Jazz's disciplined capital allocation supports continued investment in growth and innovation.
Partnerships: The company has key collaborations with various organizations, including BeiGene, Ltd. for the development of zanidatamab. Additionally, Jazz Pharmaceuticals has a strategic partnership with Life Science Cares to drive social impact through employee volunteerism in the U.S., reinforcing its commitment to community engagement.
Jazz Pharmaceuticals continues to innovate and advance its mission to transform lives through pioneering therapeutics in oncology and neuroscience, positioning itself as a leader in addressing complex and unmet medical needs.
Jazz Pharmaceuticals will present seven abstracts at the ASCO Annual Meeting from June 3-7, 2022, and eight at the EHA Congress from June 9-12, 2022. Key data includes findings on Rylaze in treating acute lymphoblastic leukemia and lymphoblastic lymphoma. An oral presentation will cover the efficacy and safety of Rylaze administered intramuscularly, while several posters will feature data on Zepzelca, Vyxeos, and other therapies. The presentations reflect Jazz's commitment to addressing unmet patient needs in oncology through research advancement.
Axsome Therapeutics has completed the U.S. acquisition of Sunosi (solriamfetol) from Jazz Pharmaceuticals, enhancing its CNS product portfolio. Sunosi, approved by the FDA for excessive daytime sleepiness in narcolepsy and obstructive sleep apnea, boasts broad insurance coverage for 96% of commercial lives. The acquisition positions Axsome as a commercial neuroscience company, supporting patient access through comprehensive affordability programs. Clinical trials have shown significant efficacy for Sunosi, including up to 22% reduction in daytime sleepiness and increased wakefulness. Axsome plans further research into Sunosi.
Jazz Pharmaceuticals has successfully completed the divestiture of Sunosi (solriamfetol) in the U.S. to Axsome Therapeutics for an upfront payment of $53 million. Jazz will receive royalties of high single-digit on U.S. net sales for current indications and mid-single-digit for future indications. This transaction allows Jazz to focus on strategic areas for sustainable growth, as stated by CEO Bruce Cozadd. The ex-U.S. transaction is expected to close within 60 days, enhancing Jazz's commitment to operational excellence and shareholder value.
Jazz Pharmaceuticals (JAZZ) announced strong financial results for Q1 2022, reporting $813.7 million in total revenues, a 34% increase year-over-year. The company raised its full-year revenue guidance to $3.5 to $3.7 billion, citing momentum from recent product launches like Xywav for narcolepsy and idiopathic hypersomnia. The net income was $1.6 million ($0.03 per share), significantly lower than $121.8 million from a year earlier. Strategic divestitures and new product developments are set to enhance the company's focus and long-term value.
Jazz Pharmaceuticals has secured exclusive rights to develop and commercialize DSP-0187 in the U.S., Europe, and other regions through a licensing agreement with Sumitomo Pharma. The agreement includes a $50 million upfront payment and up to $1.09 billion in milestone payments. Jazz aims to expedite the development of DSP-0187, a novel oral orexin-2 receptor agonist for treating narcolepsy and other sleep disorders. This collaboration aligns with Jazz's commitment to innovation in sleep medicine, leveraging its expertise in delivering therapies that enhance patient care.
Jazz Pharmaceuticals plc (Nasdaq: JAZZ) announced its participation in the BofA Securities 2022 Global Healthcare Conference on May 10, 2022, at 12:40 p.m. PT / 3:40 p.m. ET in Las Vegas. An audio webcast will be available on the Investor section of their website, with a replay archived for 30 days. Jazz Pharmaceuticals is dedicated to developing innovative medicines in neuroscience and oncology, serving patients in nearly 75 countries. For more details, visit www.jazzpharmaceuticals.com.
Jazz Pharmaceuticals plc (Nasdaq: JAZZ) will report its 2022 first quarter financial results on May 4, 2022, after U.S. market close. Management will host a live audio webcast at 4:30 p.m. ET to discuss the results and provide a business update. The U.S. and international dial-in numbers for the conference call are provided. A replay will be available until May 11, 2022. Jazz Pharmaceuticals focuses on developing innovative medicines for serious diseases, maintaining a diverse portfolio of marketed medicines and product candidates in neuroscience and oncology.
Jazz Pharmaceuticals presented promising pre-clinical data for its investigational drug JZP815 at the AACR Annual Meeting. The pan-RAF kinase inhibitor showed effectiveness in inhibiting tumor growth in various RAS- and BRAF-mutated solid tumor models and enhanced activity when combined with other MAPK inhibitors. Jazz plans to submit an IND for JZP815 this year, targeting challenging cancers like colorectal and non-small cell lung cancer. The drug's unique mechanism minimizes paradoxical pathway activation, potentially addressing unmet medical needs.
Jazz Pharmaceuticals has entered a licensing agreement with Werewolf Therapeutics for WTX-613, an innovative immuno-oncology therapy. Jazz will pay $15 million upfront, with up to $1.26 billion in potential milestone payments. WTX-613 aims to enhance cancer treatment by minimizing systemic toxicity associated with conventional therapies. This program expands Jazz's oncology pipeline, with an IND application planned for submission in 2023. Both companies express optimism about the collaboration and the future potential of WTX-613 in treating various cancers.
Jazz Pharmaceuticals plc (Nasdaq: JAZZ) is set to participate in key investor conferences in April 2022. The first event is the J.P. Morgan 11th Annual Napa Valley Biotech Forum on April 5, where management will engage in a fireside chat at 12:00 p.m. ET. The second event is the Needham Virtual Annual Healthcare Conference on April 11, featuring a panel on Future Treatment Trends in Epilepsy at 11:45 a.m. ET. Jazz is dedicated to developing innovative therapies in neuroscience and oncology, serving patients in nearly 75 countries.
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