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Supernus Pharmaceuticals, Inc. (NASDAQ: SUPN) is a leading specialty pharmaceutical company dedicated to developing and commercializing innovative products for the treatment of central nervous system (CNS) disorders. With over two decades of experience in the industry, Supernus has made significant strides in neurology and psychiatry.
Supernus’ product portfolio is diverse, including approved treatments for epilepsy, migraine, attention-deficit hyperactivity disorder (ADHD), hypomobility in Parkinson's Disease (PD), cervical dystonia, chronic sialorrhea, dyskinesia in PD patients receiving levodopa-based therapy, and drug-induced extrapyramidal reactions in adult patients. Flagship products include Trokendi XR®, Oxtellar XR®, Qelbree®, APOKYN®, XADAGO®, MYOBLOC®, GOCOVRI®, and Osmolex ER®.
In 2013, Supernus successfully launched two groundbreaking products: Oxtellar XR® and Trokendi XR®, both aimed at treating epilepsy. These innovative formulations offer extended-release solutions, enhancing patient convenience and compliance.
Beyond these milestones, Supernus is actively developing new therapeutic candidates in psychiatry to address unmet medical needs in ADHD, depression, and their co-existing disorders. The company leverages proprietary and in-licensed technologies to create differentiated products. By focusing on known drug compounds with established mechanisms of action, Supernus minimizes the risks, costs, and time associated with new drug development.
Supernus has recently announced notable developments:
- Financial and business results for Q4 and the full year of 2023 will be reported on February 27, 2024.
- Actress Busy Philipps has partnered with Supernus to raise awareness about ADHD during Mental Health Awareness Month, spotlighting Qelbree® as a non-stimulant medication for ADHD.
- Supernus signed an exclusive licensing agreement with M8 Pharmaceuticals to commercialize Qelbree® in Latin America, expanding its reach and impact.
With a strong foundation and ongoing projects, Supernus Pharmaceuticals continues to make significant contributions to the field of CNS disorders, enhancing patient lives through innovative solutions.
Supernus Pharmaceuticals (Nasdaq: SUPN) plans to announce its first-quarter 2023 financial results on May 9, 2023, after market close. President and CEO Jack Khattar along with CFO Tim Dec will host a conference call at 4:30 p.m. ET to discuss these results and answer questions. The call will also be available via live webcast on the Company’s Investor Relations website. Supernus focuses on developing treatments for central nervous system (CNS) diseases, including approved products for conditions like epilepsy and Parkinson’s disease. The company also has a pipeline of novel CNS candidates aimed at various disorders.
Supernus Pharmaceuticals (Nasdaq: SUPN) has fully repaid its 0.625% Convertible Senior Notes due 2023, amounting to $402.5 million, along with $1.3 million in interest. The repayment was financed mainly using available cash and partially through a borrowing under its credit line. With this repayment, the 2023 Notes are no longer outstanding. Supernus continues to focus on developing treatments for CNS diseases, including epilepsy and Parkinson's disease, with ongoing development of novel product candidates.
Supernus Pharmaceuticals (Nasdaq: SUPN) announced participation in two investor conferences in March 2023. The first is the Barclays Global Healthcare Conference on March 15, 2023, at the Loews Miami Beach Hotel, Florida. The second is the Jefferies Biotech on the Bay Summit on March 16, 2023, at The 1 Hotel South Beach, Florida. These events will feature management discussions focused on the company's biopharmaceutical products for central nervous system (CNS) diseases, including treatments for epilepsy and Parkinson's disease. Investors can arrange meetings with management through conference coordinators.
Supernus Pharmaceuticals (Nasdaq: SUPN) announced that CEO Jack Khattar will participate in a fireside chat and investor meetings at the Cowen 43rd Annual Health Care Conference on March 7, 2023, at 9:50 a.m. ET. The conference runs from March 6-8, 2023, at the Boston Marriott Copley Place. Interested investors can set up meetings through the Cowen conference coordinator. A live audio webcast of Khattar's presentation will be available on Supernus' Investor Relations website, with a replay accessible for 60 days post-conference. Supernus focuses on CNS disease treatments, including epilepsy and ADHD, with ongoing development of new therapies.
Supernus Pharmaceuticals reported 2022 total revenues of $667.2 million, a 15% increase from 2021. The fourth quarter saw Qelbree® net sales of $23.6 million, up 29% from Q3, while GOCOVRI® sales reached $29.2 million, a 13% increase year-over-year. Total net product sales for the full year were $649.4 million, a 14% increase. The company anticipates 30% growth in 2023 revenues, excluding Trokendi XR® sales which face generic competition. Net earnings for Q4 stood at $25.5 million, with an EPS of $0.43.
Supernus Pharmaceuticals (Nasdaq: SUPN) announced a new credit line agreement with UBS Bank USA, granting access to an uncommitted demand secured line of credit up to $150 million. The credit line can be drawn at any time, allowing the company to enhance its financial flexibility. Borrowing rates are determined based on either a fixed or variable interest rate linked to UBS’s funding rates. CEO Jack Khattar expressed confidence in this move to strengthen the company's balance sheet.
Supernus Pharmaceuticals (Nasdaq: SUPN) will report its Q4 and full year 2022 financial results on February 28, 2023, after market close. The conference call with CEO Jack Khattar and CFO Tim Dec is scheduled for 4:30 p.m. ET on the same day, followed by a Q&A session. A live webcast will be available on the company’s Investor Relations website. Supernus focuses on developing treatments for central nervous system diseases and has a diverse portfolio that includes approved therapies for various conditions such as epilepsy and Parkinson's disease.
Supernus Pharmaceuticals (Nasdaq: SUPN) announced that its President and CEO, Jack Khattar, will participate in a fireside chat and host investor meetings at the Piper Sandler 34th Annual Healthcare Conference on November 29, 2022, at 10:30 a.m. ET. The event will take place in New York City from November 29 to December 1, 2022. Investors can schedule meetings through the conference coordinator and access a live audio webcast on the company's website, with an archived version available for 60 days afterward.
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