Welcome to our dedicated page for Amphastar Pharma news (Ticker: AMPH), a resource for investors and traders seeking the latest updates and insights on Amphastar Pharma stock.
Amphastar Pharmaceuticals develops, manufactures, and commercializes technically challenging generic and proprietary injectable, inhalation, and intranasal pharmaceutical products, and also sells active pharmaceutical ingredient products. Its finished products are distributed through group purchasing organizations, drug wholesalers, and drug retailers, with many used in hospital or urgent care settings.
Company news commonly covers quarterly financial results, product sales trends for therapies such as BAQSIMI®, Primatene MIST®, glucagon and epinephrine products, FDA approvals and launches, and spending on insulin, inhalation, and proprietary pipeline programs. Updates also include licensing activity, including AMP-110, a fully synthetic corticotropin compound for inflammatory and autoimmune conditions, as well as healthcare conference presentations and corporate communications.
Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) will present at the Raymond James Virtual 2020 Human Healthcare Innovation Conference on June 18, 2020, at 11:40 a.m. ET. Key executives, including CFO Bill Peters, VP Dan Dischner, and SVP Tony Marrs, will participate in the event. The presentation will be available via a live webcast on Amphastar’s website, with access for 90 days post-event. Amphastar specializes in developing and marketing injectable, inhalation, and intranasal pharmaceutical products, primarily for hospital and clinical settings.
Amphastar Pharmaceuticals has received FDA approval for its Succinylcholine Chloride Injection USP (200 mg/10 mL) Multiple-Dose Vial, deemed therapeutically equivalent to Pfizer's Quelicin. This product, with an estimated annual U.S. market of $75 million, is used for muscle relaxation during surgery. The company has five ANDAs aimed at a combined market of $1.7 billion and is developing three biosimilars and nine generics targeting around $25 billion in potential sales. The approval emphasizes Amphastar's regulatory capacity.
Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) will present at the Jefferies Virtual Healthcare Conference on June 3, 2020, at 4:00 p.m. ET. CFO Bill Peters and VP of Corporate Communications Dan Dischner will lead the presentation, which can be accessed via a live webcast on the company's website. This presentation will remain available for 90 days. Amphastar specializes in developing, manufacturing, and marketing challenging generic and proprietary injectable, inhalation, and intranasal products, primarily for hospital or urgent care use.
Amphastar Pharmaceuticals reported first-quarter 2020 results with net revenues of $84.7 million, a 6% increase from $79.8 million in Q1 2019. GAAP net income reached $3.9 million ($0.08 per share) compared to $0.9 million ($0.02 per share) last year. Adjusted non-GAAP net income was $8.4 million ($0.17 per share), up from $4.9 million ($0.10). Strong sales were driven by Primatene® Mist, which saw a 344% increase. The company continues to develop a robust pipeline with 6 ANDAs and 3 biosimilars targeting markets totaling $24 billion.
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