Welcome to our dedicated page for Adma Biologics news (Ticker: ADMA), a resource for investors and traders seeking the latest updates and insights on Adma Biologics stock.
ADMA Biologics, Inc. (NASDAQ: ADMA) is a U.S.-based, end-to-end commercial biopharmaceutical company focused on specialty plasma-derived biologics and other specialty biologics for immunodeficient patients and individuals at risk for certain infectious diseases. The ADMA news feed on Stock Titan aggregates company-issued updates and market-moving announcements so readers can follow developments affecting the ADMA stock and its underlying business.
In its press releases, ADMA regularly reports on quarterly and annual financial results, including total revenue, GAAP net income, adjusted EBITDA and adjusted net income, as well as updates to its financial guidance. The company also issues news on operational milestones such as U.S. Food and Drug Administration (FDA) approvals for its production processes, progress with its yield enhancement production technology, and expansion of its U.S.-based manufacturing and plasma collection infrastructure.
Investors following ADMA news can expect coverage of commercial trends for its FDA-approved plasma-derived products ASCENIV, BIVIGAM and NABI-HB, including reported demand dynamics, payer coverage discussions, and distribution agreements. The company’s updates also address pipeline progress for SG-001, a pre-clinical hyperimmune globulin targeting Streptococcus pneumoniae, along with commentary on intellectual property, supply chain strategy and capital structure actions such as debt refinancing and share repurchase authorizations.
This news page is useful for tracking how ADMA communicates its financial outlook, operational initiatives and product performance over time. Readers interested in the ADMA stock can use the curated news flow to monitor earnings releases, regulatory and manufacturing updates, and other disclosures that the company furnishes through press releases and related filings.
ADMA Biologics reported a full year 2020 revenue of $42.2 million, marking a 44% increase from 2019. The company anticipates revenues of $250 million or more by 2024, driven by expanded plasma collection centers and improved product offerings. Despite revenue growth, ADMA faced a consolidated net loss of $75.7 million, an increase attributed to higher operational costs and investments in commercialization. The firm successfully expanded its plasma collection network and expects significant operational efficiencies with FDA approvals mid-year.
ADMA Biologics will report its financial results for Q4 and full year 2020 on March 25, 2021, after market close. The executive team will host a conference call at 4:30 p.m. ET to discuss these results, along with updates on the company's operations and products. ADMA produces FDA-approved plasma-derived biologics aimed at treating immunodeficient patients. The conference call can be accessed by dialing the provided numbers or via a live audio webcast on the company's investor website.
ADMA Biologics, Inc. (Nasdaq: ADMA) announced that CEO Adam Grossman will participate in a fireside chat at the Jefferies Virtual Plasma Summit on March 11, 2021, at 11:20 a.m. ET. Interested parties can view the event via a webcast on the company’s website, which will be archived for 90 days post-event. The company specializes in manufacturing and marketing FDA-approved plasma-derived biologics aimed at treating immunodeficient patients and preventing infectious diseases. ADMA's key products include BIVIGAM®, ASCENIV™, and NABI-HB®.
ADMA Biologics, Inc. (NASDAQ: ADMA) has received approval from the Korean Ministry of Food and Drug Safety for its Kennesaw, Georgia plasma collection center to sell source plasma in South Korea. This approval, alongside FDA approval for a Hepatitis B immunization program at the center, marks a significant regulatory milestone for ADMA. These advancements align with ADMA's strategy to enhance its global presence and secure its supply chain for plasma-derived biologics, aimed at treating immune deficiencies and infectious diseases.
ADMA Biologics highlights a poster presentation at the AAAAI 2021 Conference, showcasing a potential polyclonal hyperimmune globulin targeting S. pneumoniae. This therapy aims to improve clinical outcomes for immune-compromised patients, bridging the gap between vaccination and seroconversion. CEO Adam Grossman emphasized the importance of addressing infection risks despite existing vaccines. The company holds patents related to this hyperimmune globulin, aiming to expand its product pipeline for underserved patient populations.
ADMA Biologics, Inc. (Nasdaq: ADMA) announced that CEO Adam Grossman will participate in a fireside chat at the Raymond James Institutional Investor Conference on March 1, 2021, at 10:50 a.m. ET. The event will be available via webcast on the company’s website and will be archived for 90 days. ADMA focuses on manufacturing and developing specialty plasma-derived biologics, with three FDA-approved products aimed at treating immunodeficient patients and preventing infectious diseases.
ADMA Biologics, Inc. (NASDAQ: ADMA) has received FDA approval for its ADMA BioCenters plasma collection facility in Knoxville, Tennessee, which began operations in Q3 2020. This approval enhances the company's raw material supply chain and manufacturing control. ADMA aims to open up to ten plasma collection centers by 2024. The facility uses state-of-the-art equipment and employs 50 trained healthcare workers. This milestone is expected to improve product yields and margins, positioning ADMA for future growth and profitability.
ADMA Biologics, Inc. (Nasdaq: ADMA) announced that CMS has issued a permanent J-code (J1554) for ASCENIV™, effective April 1, 2021, enhancing reimbursement processes. This J-code is expected to facilitate patient access and simplify claims processing in outpatient settings. CEO Adam Grossman highlighted that this milestone supports the company's goal of achieving over $250 million in revenue by 2024. ASCENIV is a plasma-derived immune globulin approved for treating primary immunodeficiency in patients aged 12 and older.
ADMA Biologics reported preliminary unaudited revenues of $13.9 million for Q4 2020, marking a 16% increase from Q4 2019, and full-year revenues of $42.2 million, a 44% increase compared to 2019. The company anticipates significant value-creating FDA decisions in 2021 that could enhance supply chains and improve margins. ADMA plans to continue revenue growth and aims for revenues exceeding $250 million by 2024, supported by new plasma collection centers and expanded production capabilities.
ADMA Biologics announced that the Centers for Medicare and Medicaid Services (CMS) has approved a new reimbursement C-code, C9072, and transitional pass-through payment status for ASCENIV, effective January 1, 2021. This approval facilitates streamlined reimbursement for ASCENIV in outpatient settings, allowing infusion at list price plus 6%. CEO Adam Grossman stated this is a significant milestone, enhancing insurance coverage and patient access. ADMA aims to achieve over $250 million in revenue from its products by 2024.