The following is a summary of the Supernus Pharmaceuticals, Inc. (SUPN) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Supernus Pharmaceuticals reported Total Q3 2024 revenue of $175.7 million, up from $153.9 million in Q3 2023.

• Net product sales for Q3 2024 were $170.3 million.

• GAAP net earnings for Q3 2024 reached $38.5 million ($0.69 per diluted share), compared to a net loss of $16 million in Q3 2023.

• Adjusted operating earnings for Q3 2024 were $67.7 million, up from $37.3 million in Q3 2023.

Business Progress:

• The company highlighted the strong performance of growth products, particularly Qelbree, which saw a 68% increase in net sales to $62 million.

• FDA acknowledged the resubmission of the new drug application for SPN-830 with a target approval date in early 2025.

• Reported positive data from Phase 2a studies for SPN-820 in depression and SPN-817 in epilepsy, with plans for a Phase 2b study set to begin by the end of 2024.

Opportunities:

• Growth products Qelbree and GOCOVRI are driving significant revenue and are expected to continue this trend.

• Upcoming drug approvals and entry into new therapeutic areas provide opportunities for further revenue growth and market expansion.

Risks:

• Potential risk from market competition and generic entries, noted by the first generic for Oxtellar XR impacting monthly prescription rates.

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