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scPharmaceuticals (SCPH) reported first quarter 2024 financial results, with notable achievements in FUROSCIX®. The company generated $6.1 million in net FUROSCIX revenue, despite a 10% dose impact from the Change Healthcare cyberattack. There was a 28% increase in total doses written and a 15% rise in doses filled compared to Q4 2023. The company ended Q1 with $58.4 million in cash and equivalents. Key developments include enrolling the first patient in a PK study for an 80mg/1mL auto-injector and submitting a sNDA to expand FUROSCIX's indication to NYHA Class IV heart failure patients, with a PDUFA date set for August 2024. However, scPharmaceuticals reported a net loss of $14.1 million for the quarter, with increased R&D and SG&A expenses.
scPharmaceuticals (Nasdaq: SCPH) will participate in the H.C. Wainwright 2nd Annual BioConnect Investor Conference at NASDAQ World Headquarters in New York on May 20, 2024, at 11:00AM ET.
John Tucker, President & CEO, will present and meet with investors. The company's focus is on developing and commercializing products to optimize the delivery of infused therapies, improve patient care, and reduce healthcare costs. The presentation will be webcast and available in the Investor Relations section of the company's website.
scPharmaceuticals Inc. will announce its first-quarter 2024 financial results on Tuesday, May 14, 2024. The company will host a conference call and webcast at 4:30 p.m. ET to discuss the financial results and provide a business update. Participants can access the call by dialing 1-800-717-1738 (domestic) or 1-646-307-1865 (international) with the conference code 89054. The webcast and replay will be available on the Investor Relations section of the company's website.
