Xeris Biopharma Holdings, Inc. - XERS STOCK NEWS

Xeris Biopharma announced FDA approval for Recorlev (levoketoconazole), a treatment for Cushing's syndrome in adults where surgery isn't an option. The decision follows the acquisition of Strongbridge Biopharma on October 5, 2021. Safety and efficacy were supported by positive results from two pivotal Phase 3 studies (SONICS and LOGICS) involving 166 patients. A commercial launch is planned for Q1 2022, positioning Xeris to meet the treatment needs of this patient population.

Xeris Biopharma Holdings, Inc. (Nasdaq: XERS) announced the UK launch of Ogluo® (glucagon injection) through its commercialization partner, Tetris Pharma, for treating severe hypoglycemia in diabetes patients aged 2 and over. This follows a licensing deal in July for Ogluo's commercialization in the UK and EU. Xeris estimates around 5 million people in the UK are at risk of severe hypoglycemia, with only 10-20% currently prescribed glucagon. The launch aims to increase accessibility and provide a ready-to-use solution for emergencies.

Xeris Biopharma Holdings, Inc. (Nasdaq: XERS) reported strong third-quarter performance with pro forma net sales of $22.5 million, driven by Gvoke and Keveyis, expected to reach $76-$80 million for 2021. The acquisition of Strongbridge Biopharma was finalized on October 5, 2021, with integration completed and $50 million in synergies anticipated. The company boasts a robust cash position of approximately $100 million at year-end, along with a 12-month extension on its debt facility, pushing principal repayments to 2023.

Xeris Biopharma Holdings, Inc. (Nasdaq: XERS) will report its third quarter 2021 financial results on November 10, 2021, before the U.S. markets open. A conference call and webcast will follow at 8:30 a.m. ET to discuss the results. The company develops therapies in endocrinology, neurology, and gastroenterology, with products like Gvoke® and Keveyis®. Interested parties can pre-register for the call via the provided link, and a replay will be available until November 24, 2021.

Xeris Biopharma Holdings (Nasdaq: XERS) announced a collaboration with Merck to explore the licensing of its XeriJect™ technology for ultra-high concentration monoclonal antibodies. Although financial terms were not disclosed, this collaboration aims to improve the delivery of large molecules and is part of Xeris' ongoing partnerships with major pharmaceutical companies. Xeris highlighted the importance of its product portfolio, including commercialized therapies Gvoke® and Keveyis®, and a robust pipeline, indicating a solid financial position bolstered by a $50 million synergy from the Strongbridge acquisition.

Xeris Pharmaceuticals has successfully completed its acquisition of Strongbridge Biopharma, creating Xeris Biopharma Holdings. The deal values Strongbridge at approximately $267 million, with Xeris shareholders owning about 60% and Strongbridge shareholders 40% of the new entity. The acquisition is expected to enhance product offerings, with two marketed products and additional assets in development. Key goals include achieving significant annual net sales for KEVEYIS and RECORLEV in the upcoming years, supported by a new board including former Strongbridge executives.

Xeris Pharmaceuticals (NASDAQ: XERS) announced the grant of restricted stock units totaling 28,750 shares to 20 new employees as part of its Inducement Equity Plan, effective October 1, 2021. This plan incentivizes new hires not previously employed by Xeris, adhering to NASDAQ rules. The stock options will vest over four years, contingent on continued employment. Xeris is focused on innovative drug formulations, including its first commercial product, Gvoke, utilizing room-temperature stable formulations to enhance patient and healthcare provider experiences.

Xeris Pharmaceuticals, Inc. (Nasdaq: XERS) announced that CEO Paul R. Edick will present at the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit on September 22, 2021, at 8:15 a.m. ET. The presentation can be accessed via the company's website. Xeris focuses on developing ready-to-use injectable drug formulations using its proprietary XeriSol™ and XeriJect™ technologies, which aim to simplify therapy administration and improve patient experiences. Xeris is headquartered in Chicago, IL.

Xeris Pharmaceuticals (XERS) has received overwhelming approval from its stockholders for the acquisition of Strongbridge Biopharma (SBBP). At a special meeting on September 14, 2021, approximately 97% of shares voted in favor, equating to about 59% of Xeris' total outstanding shares. The acquisition, set to close in early October 2021, will merge the businesses under Xeris Biopharma Holdings, Inc. This strategic move aims to strengthen Xeris' position in endocrinology and neurology, leveraging a differentiated technology platform to address unmet patient needs.