The following is a summary of the FibroGen, Inc. (FGEN) Q3 2024 Earnings Conference Call Transcript:

Financial Performance:

• FibroGen reported total Q3 2024 revenue of $46.3 million, a 15% increase from Q3 2023.

• Net product revenue from roxadustat sales in China was $46.2 million, up 57% year over year.

• Total operating costs and expenses for Q3 2024 were $63.1 million, down 39% from Q3 2023, reflecting significant cost reduction efforts.

Business Progress:

• FibroGen is focusing on advancing FG-3246 and FG-3180 in metastatic castration-resistant prostate cancer (mCRPC).

• The company reiterated its full-year net product revenue guidance for roxadustat in China and expects an approval decision for chemotherapy-induced anemia in early 2025.

• FibroGen regained rights to roxadustat outside China and South Korea, aiming for development in anemia associated with lower-risk myelodysplastic syndromes.

Opportunities:

• Roxadustat's continued strong performance in China and its expansion in the EU market.

• Potential approval for chemotherapy-induced anemia could provide a new treatment option and trigger a $10 million milestone payment.

Risks:

• Expected impact of generic competition on roxadustat in China, although the originator products historically maintain revenue post-generic entry.

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