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ENDO INC - NDOI STOCK NEWS

Welcome to our dedicated page for ENDO news (Ticker: NDOI), a resource for investors and traders seeking the latest updates and insights on ENDO stock.

Endo, Inc. (OTCQX: NDOI) is a diversified specialty pharmaceutical company focused on developing and delivering life-enhancing therapies. With a commitment to creating value for shareholders, Endo is dedicated to transforming insights into essential medicines to help individuals live their best life. The company recently commenced trading on the OTCQX Best Market under the ticker symbol NDOI, signaling its dedication to providing a valuable trading experience for U.S. investors and institutions.

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Endo has successfully completed the repricing of its $1.5 billion term loan due 2031. The new rate is Term SOFR plus 400 basis points, representing a 50 basis points reduction in the interest rate. This refinancing is expected to generate annual interest expense savings of approximately $8 million. The loan maturity and other terms remain substantially unchanged.

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Endo announced seven new presentations related to Peyronie's disease (PD) and XIAFLEX® (collagenase clostridium histolyticum, or CCH) at the Sexual Medicine Society of North America (SMSNA) annual meeting, October 17-20, 2024. The presentations include:

1. A study on CCH treatment for ventral curvature PD
2. A survey on women's sexual health providers' awareness of PD
3. An analysis of the PD patient journey
4. A comparison of CCH to surgery for PD management
5. A study on a novel CCH protocol for PD non-responders
6. Research on CCH efficacy for atypical PD patients
7. An evaluation of CCH providers' practice patterns

Dr. Matthew Ziegelmann, a presenting author, emphasized the importance of these studies in improving understanding and treatment of PD.

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Endo, Inc. (OTCQX: NDOI) has announced it will release its third-quarter 2024 financial results on November 5, 2024, before the market opens. The company's senior management team will host a conference call and live webcast for investors at 8:30 a.m. ET on the same day.

Investors can participate in the call by dialing 800-836-8184 (U.S. and Canada toll-free) or 646-357-8785 (outside the U.S.), or by joining the live webcast through the provided link. Participants are advised to join 10 minutes before the scheduled start time. A replay of the webcast will be available within 24 hours on the company's investor relations website.

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Endo (OTCQX: NDOI) presented data from a Phase 2 clinical study of collagenase clostridium histolyticum (CCH) in patients with plantar fibromatosis at the American Orthopaedic Foot & Ankle Society's annual meeting. The study showed a trend in CCH treatment effect over placebo for reducing pain, as measured by the Foot Function Index Total Pain subscale score. There were also nominally significant improvements in investigator assessment, nodular hardness, and nodule consistency. The safety profile of CCH was consistent with previous studies, with most adverse events being local and mild to moderate. No treatment-related serious adverse events were reported. Endo is currently enrolling patients for a pivotal Phase 3 program for CCH in plantar fibromatosis.

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Endo, Inc. (OTCQX: NDOI) has announced a CEO transition. The Board of Directors has initiated a search for a new CEO, with Spencer Stuart assisting in the process. Blaise Coleman will depart as President & CEO and from the Board on August 29, 2024. Scott Hirsch, who joined the Board in April 2024, has been appointed as Interim CEO.

Hirsch brings over 20 years of experience in healthcare and was formerly the CEO of Solta Medical. The Board aims to find a new chief executive to guide Endo through its next phase of development, including the goal of re-listing on a national stock exchange. The company is focusing on execution across its branded, sterile injectables, and generics portfolios to position for long-term growth.

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Endo Inc. (OTCQX: NDOI) reported its Q2 2024 financial results, showing mixed performance across segments. Total revenues decreased 18% to $447 million compared to Q2 2023, primarily due to declines in Generic Pharmaceuticals and Sterile Injectables segments. However, the Branded Pharmaceuticals segment grew 6% to $225 million, driven by an 8% increase in XIAFLEX® revenues to $127 million. The company reported a net income of $6.38 billion, largely due to gains from restructuring.

Endo raised its 2024 financial outlook, now expecting total revenues of $1.72-$1.78 billion and adjusted EBITDA of $635-$655 million. For 2025, the company projects low-single digit revenue growth and mid to high-single digit adjusted EBITDA growth. The company ended Q2 2024 with $294 million in cash and cash equivalents.

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Endo (OTCQX: NDOI) presented new data on collagenase clostridium histolyticum (CCH) and plantar fibromatosis at the American Podiatric Medical Association's annual meeting. The presentations included results from a Phase 2 study of CCH in plantar fibromatosis patients and a retrospective analysis of patient medical records.

Key findings from the Phase 2 study showed:

  • A trend in CCH treatment effect over placebo for reducing pain
  • Nominally significant improvements in investigator assessment, nodular hardness, and nodule consistency
  • A safety profile consistent with previous CCH studies

The retrospective analysis of 2,273 patient charts revealed that nearly two-thirds of patients reported foot pain, with 90% describing it as moderate or severe. Endo is currently enrolling patients in a Phase 3 study to further explore CCH as a potential nonsurgical treatment option for plantar fibromatosis.

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Endo, Inc. (OTCQX: NDOI) has announced that it will release its second quarter 2024 financial results on August 27, 2024, before the market opens. The company's senior management team will host a conference call and live webcast for investors at 8:00 a.m. ET on the same day. Investors can participate by dialing 800-836-8184 (U.S. and Canada toll-free) or 646-357-8785 (outside the U.S.), or by joining the live webcast through a provided link. Participants are advised to join 10 minutes before the scheduled start time. A replay of the webcast will be available within 24 hours on the company's investor relations website.

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Endo, Inc. (OTCQX: NDOI) announced that the SEC has declared effective its Form S-1 registration statement for the resale of existing shares held by current shareholders. This move aims to enhance shareholder liquidity and create an orderly trading market for its common stock. Importantly, no new shares are being issued or sold, and the number of outstanding shares remains unchanged.

The company is now subject to the Securities Exchange Act of 1934, requiring regular SEC filings. Endo is targeting to list on the NYSE later in 2024, subject to approvals and conditions. Currently, Endo's shares trade on the OTCQX® Best Market, with financial disclosures and trading statistics available on www.otcmarkets.com.

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Endo (OTCQX: NDOI) has released its annual Corporate Responsibility Report for 2023, highlighting progress across four key pillars: Business Practices, Team, Customers, and World. Notable achievements include:

Business Practices: 99.8% on-time completion rate for information security training, 99% awareness of ethical reporting procedures, and a 200% increase in LGBTQ-owned suppliers.

Team: Improved safety with a 0.1 Recordable Incident Rate, 16% internal promotion rate, and 2,000 volunteer hours in India.

Customers: 1,200 improvement ideas submitted, establishment of a Clinical Advisory Board, and donation of 402,000 medicine units to 23 countries.

World: 10% increase in recycling, 15% reduction in emissions, and improved water stewardship.

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FAQ

What is the current stock price of ENDO (NDOI)?

The current stock price of ENDO (NDOI) is $24.5 as of October 15, 2024.

What is the market cap of ENDO (NDOI)?

The market cap of ENDO (NDOI) is approximately 2.0B.

What is Endo, Inc. focused on?

Endo, Inc. is a specialty pharmaceutical company focused on developing and delivering life-enhancing therapies.

What is the ticker symbol for Endo, Inc. on the OTCQX Best Market?

The ticker symbol for Endo, Inc. on the OTCQX Best Market is NDOI.

Why did Endo, Inc. commence trading on the OTCQX Best Market?

Endo, Inc. commenced trading on the OTCQX Best Market to provide shareholders with a valuable trading experience and signal its commitment to being a public company.

What are Endo, Inc.'s strategic priorities?

Endo, Inc. is focused on creating value for its shareholders through the development and delivery of life-enhancing therapies.

What eligibility requirements did Endo, Inc. meet for trading on the OTCQX Best Market?

Endo, Inc. fulfilled stringent financial and governance standards, adhered to U.S. securities laws, and maintained transparent and current disclosure for trading on the OTCQX Best Market.

When may Endo, Inc.'s shares begin trading on the New York Stock Exchange (NYSE)?

Endo, Inc.'s shares may begin trading on the NYSE later in 2024, subject to required approvals and other customary conditions.

Where can U.S. investors find current financial disclosure and trading statistics for Endo, Inc.?

U.S. investors can find current financial disclosure and trading statistics, including Real-Time Level 2 quotes, for Endo, Inc. on www.otcmarkets.com.

What is Endo, Inc.'s mission?

Endo, Inc. is committed to transforming insights into essential medicines to help everyone they serve live their best life.

Are there any cautionary notes regarding forward-looking statements in Endo, Inc.'s announcements?

Endo, Inc.'s announcements contain forward-looking statements that involve risks and uncertainties, and readers should not place undue reliance on them.

Where can individuals learn more about Endo, Inc. or connect with the company?

Individuals can learn more about Endo, Inc. on www.endo.com or connect with the company on LinkedIn.

ENDO INC

OTC:NDOI

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NDOI Stock Data

1.98B
71.42M
53.56%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States of America
Malvern