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

Financial Performance:

• ANI Pharmaceuticals reported third quarter revenues of $148.3 million, a 13% increase year-over-year.

• Adjusted non-GAAP EBITDA and EPS were $35.1 million and $1.34 respectively.

• Cortrophin Gel generated $52.6 million in revenue, up 77% from the previous year.

• Generics business delivered $78.2 million in revenue, growing 11% year-over-year.

Business Progress:

• Successfully completed the acquisition of Alimera, enhancing the Rare Disease business.

• Launched five new generics, contributing to solid performance in the base business.

• Developed and submitted a supplemental NDA for a pre-filled syringe version of Cortrophin Gel, expected to launch in the first half of 2025.

Opportunities:

• The integration of Alimera is expected to drive $35 million to $38 million in adjusted non-GAAP EBITDA for 2025, with the addition of ILUVIEN and YUTIQ expected to contribute significantly.

• Projected growth from the enhanced ophthalmology sales team targeting additional Cortrophin revenues in 2025.

Risks:

• Implementing the integration of the acquired Alimera operations poses execution risks, although the initial stages have been reported as successful.

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