Xeris Biopharma Holdings, Inc. - XERS STOCK NEWS

Xeris Biopharma Holdings (Nasdaq: XERS) announced the availability of the Gvoke® Kit, a ready-to-use glucagon injection for severe hypoglycemia, now accessible by prescription. This kit includes a single-dose sterile syringe and vial, designed for those at risk of low blood sugar events. The Gvoke products received FDA approval in September 2019 and August 2021. The company, headquartered in Chicago, aims to meet the growing demand among patients to keep Gvoke readily available for emergencies.

Xeris Biopharma Holdings (XERS) completed the acquisition of Strongbridge Biopharma, realizing $50M in synergies by year-end 2022. Pro forma net product revenues rose to $79M in FY '21, a 56% increase. Expected growth for 2022 is $105M-$120M with cash resources projected at $90M-$110M by year-end. The company anticipates reaching cash flow breakeven by the end of 2023. Key product sales, including Gvoke and Recorlev, are driving growth, alongside a strong cash position bolstered by recent financing moves.

Xeris Biopharma Holdings, Inc. (Nasdaq: XERS) has secured a $150 million senior secured term loan from Hayfin Capital Management. The initial drawdown of $100 million will repay existing debts and enhance working capital. Xeris aims for cash flow breakeven by year-end 2023, leveraging a total capital base of approximately $180 million. The debt facility has a five-year maturity with a 9% interest rate and provides additional borrowing flexibility. Xeris' CFO noted this agreement increases financial strength while protecting shareholder interests through non-dilutive capital.

Xeris Biopharma Holdings, Inc. (Nasdaq: XERS) announces the release of its fourth quarter and full year 2021 financial results on March 10, 2022, prior to U.S. market open. A conference call and webcast will follow at 8:30 a.m. ET to discuss the results. The company specializes in developing therapies for endocrinology, neurology, and gastroenterology, with products like Gvoke® and Keveyis®. Xeris also has ongoing development programs supported by proprietary formulation technologies.

Xeris Biopharma (Nasdaq: XERS) announced that its CEO, Paul R. Edick, will participate in the 11th Annual SVB Leerink Global Healthcare Conference on February 16, 2022, at 12:00pm Eastern Time. The event will include a fireside chat format and will be accessible via a live webcast on the company's investor relations website. Xeris is focused on developing unique therapies in endocrinology, neurology, and gastroenterology, with products like Gvoke® for severe hypoglycemia and Recorlev® for Cushing’s syndrome, among others.

Xeris Biopharma Holdings (NASDAQ: XERS) announced that its drug Recorlev (levoketoconazole) is now exclusively available through PANTHERx Rare Specialty Pharmacy. This FDA-approved treatment for Cushing's syndrome enhances patient access through the Xeris CareConnection program, offering $0 co-pay for insured individuals and comprehensive support services. Recorlev aims to address the needs of patients unable to undergo surgery. It received positive Phase 3 study results, demonstrating significant efficacy in reducing cortisol levels.

Xeris Biopharma Holdings (NASDAQ: XERS) reported preliminary full-year 2021 pro forma net sales between $76-80 million, reflecting approximately 55% growth from 2020. The company ended the year with around $102 million in cash and equivalents. As of January 1, 2022, over 20 million Medicaid lives across IL, TN, PA, OH, and CA gained unrestricted access to Gvoke®. The company also anticipates launching Recorlev® soon, bolstered by an additional $30 million raised in capital. Actual financial results will be reported in March 2022.

PANTHERx Rare has been chosen by Xeris Pharmaceuticals as the exclusive U.S. distribution partner for Recorlev (levoketoconazole), a newly FDA-approved treatment for endogenous hypercortisolemia in adults with Cushing's syndrome. This medication is crucial for patients for whom surgery is not viable. Cushing's syndrome is prevalent in adults aged 30-50, particularly affecting women. Recorlev will be available commercially in Q1 2022. Important safety warnings include hepatotoxicity and QT prolongation risks.

Xeris Biopharma Holdings (NASDAQ: XERS) announced that CEO Paul R. Edick will present at the H.C. Wainwright BioConnect 2022 conference from January 10-13, 2022. The presentation will highlight the FDA approval of Recorlev® and other recent company developments. It will be available on-demand starting January 10, 2022, at 7:00 a.m. E.T. Xeris specializes in therapies for endocrinology, neurology, and gastroenterology, with existing products like Gvoke® and Keveyis®. The company is headquartered in Chicago, IL.