The following is a summary of the Knight Therapeutics, Inc. (KHTRF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Knight Therapeutics reported Q1 2024 revenues of over $85 million, a growth of $3 million or 4% over the same period in the previous year.

• The company's infectious disease portfolio contributed to $38 million of revenues, a rise of 23% compared to Q1 2023.

• Gross margin was reported at $40.7 million or 47% of revenues.

• They recorded a net loss of approximately $16 million, driven by unrealized losses on the valuation of certain private investments.

• Cash flows from operations were $30.8 million.

Business Progress:

• Knight launched three products and advanced their pipeline with regulatory submission for fostamatinib in Brazil and the approval of Karfib in Colombia.

• By the end of Q1 2024, the company had nine products under regulatory review in various countries.

• The company added two products, IPX203 and JORNAY PM, for Canada and Latin America within the year.

• Knight has entered into an exclusive supply and distribution agreement for JORNAY PM for Canada and Latin America.

• They continue to execute on their strategy of leveraging their unique platform to in-license and acquire innovative products for Canada and Latin America.

More details: KNIGHT THERAPEUTICS INC IR

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