Kamada Ltd - KMDA STOCK NEWS

Kamada Ltd. (NASDAQ: KMDA) reported third-quarter 2022 revenues of $32.2 million, a 40% increase from the previous year, driven by the integration of its new FDA-approved IgG portfolio. Adjusted EBITDA reached $6.0 million, equating to a 19% margin. The company’s operating cash flow amounted to $5.5 million, elevating its cash position to $31.3 million as of September 30, 2022. Kamada reiterates its fiscal year 2022 revenue guidance of $125 million to $135 million, projecting a 20% to 30% increase over 2021.

Kamada Ltd. (NASDAQ: KMDA) is set to release its financial results for Q3 and the first nine months of 2022 on November 22, 2022, before U.S. markets open. Following the announcement, management will host a conference call at 8:30 AM ET to discuss the results. Investors can participate by phone or by joining a live webcast. Kamada specializes in plasma-derived therapeutics and has a diverse product portfolio including GLASSIA® and KEDRAB®. The company is focused on profitable growth and has a strong presence in the bio-pharmaceutical market.

Kamada Ltd. (NASDAQ: KMDA) announced progress in its pivotal Phase 3 InnovAATe clinical trial for inhaled Alpha-1 Antitrypsin therapy aimed at treating Alpha-1 Antitrypsin Deficiency (AATD). With 30 patients enrolled, the trial has proceeded without modification for the fourth time, according to the Data Safety Monitoring Board. Importantly, inclusion criteria were revised to enroll patients with severe airflow limitation, enhancing recruitment potential. The company plans to meet with the FDA and EMA in H1 2023 to discuss study progress and regulatory pathways.

Kamada Ltd. (NASDAQ: KMDA), a global biopharmaceutical company specializing in plasma-derived therapeutics, announced that Amir London, CEO, will present at the Credit Suisse 31st Annual Healthcare Conference on November 8, 2022, at 3:50 p.m. ET. Additionally, Mr. London will be available for virtual one-on-one investor meetings during the event. Interested investors should contact their Credit Suisse representative. The presentation will be accessible via a live webcast on Kamada's investor relations page, with a replay available for 30 days.

Kamada Ltd. (NASDAQ: KMDA) announced an extension of its supply tender with Canadian Blood Services for four specialty IgG products, securing about $7.5 million per year from 2023-2025, totaling approximately $22 million. The products, acquired in 2021, include CYTOGAM®, HEPAGAM®, VARIZIG®, and WINRHO® SDF. The deal reinforces Kamada’s position in the Canadian market and follows a recent $11.4 million agreement for VARIZIG in Latin America. Manufacturing of CYTOGAM is set to begin in 2023 at Kamada's Israeli facility, pending regulatory approvals.

Kamada Ltd. (NASDAQ: KMDA) reported second quarter 2022 revenues of $23.6 million, down 3% from $24.2 million year-over-year, while first half revenues rose 5% to $51.7 million. Adjusted EBITDA for H1 2022 was $4.6 million, with a cash flow increase to $29.9 million. The company is optimistic about a stronger second half, reiterating fiscal year revenue guidance of $125-$135 million, reflecting 20%-30% growth. Challenges include a $3.3 million loss due to a labor strike and increased operating expenses. The firm anticipates growth from new IgG products and royalty income from GLASSIA.

Kamada Ltd. (NASDAQ: KMDA) will release its Q2 and first-half financial results on August 17, 2022, before U.S. market open. An investment community conference call will follow at 8:30 AM ET, with participation options provided. The company focuses on specialty plasma-derived therapeutics, boasting a diverse portfolio including FDA-approved products such as GLASSIA® and KEDRAB®. Kamada also has a robust development pipeline, particularly in inhaled AAT therapy for AAT deficiency, currently in a pivotal Phase 3 trial.

Kamada Ltd. (Nasdaq: KMDA) announced on July 15, 2022, the signing of a new collective agreement with the Employees’ Union of its Beit Kama production facility and the Histadrut, effective until 2029. This agreement resulted in the resolution of a previously disclosed labor strike, allowing employees to return to work. Despite this, the company anticipates a negative impact on its second quarter financial results due to a one-time loss linked to the work stoppage, although it did not affect the availability of commercial products.

Kamada Ltd. (NASDAQ: KMDA) has secured an $11.4 million agreement to supply VARIZIG® to an undisclosed international organization focused on Latin America. The product supply is anticipated from the fourth quarter of 2022 to the first half of 2023. This agreement highlights Kamada’s expanding international presence and the commercial potential of their FDA-approved plasma-derived therapies. VARIZIG is crucial for post-exposure prophylaxis of chickenpox in high-risk patients, and is the only FDA-approved IgG product for this use.