Amneal Pharmaceuticals Inc Stock Price, News & Analysis

Amneal Pharmaceuticals (AMRX) announced FDA acceptance of Biologics Licensing Applications (BLA) for two denosumab biosimilar candidates referencing Prolia® and XGEVA®. The FDA's target action date is set for Q4 2025.

The biosimilars are developed through a partnership with mAbxience, where mAbxience handles development and manufacturing while Amneal manages regulatory approval and U.S. commercialization. These candidates represent Amneal's next potential biosimilar launches, adding to their current portfolio of three commercialized biosimilars.

Denosumab is a monoclonal antibody that inhibits bone reabsorption, used for bone metastasis from cancer and prevention of bone-related injuries including osteoporosis. The U.S. market for Prolia® and XGEVA® reached approximately $5.0 billion in annual sales for the 12 months ended December 2024.

Amneal aims to expand its portfolio to six biosimilars across eight product presentations by 2027, strengthening its position in the U.S. biosimilars market.

Amneal Pharmaceuticals (AMRX) reported strong Q4 and full-year 2024 results, meeting or exceeding all financial guidance metrics. Q4 net revenue reached $731 million, up 18% year-over-year, with a GAAP net loss of $31 million ($0.10 per share). Full-year 2024 revenue was $2.79 billion, representing 17% growth, though the company recorded a net loss of $117 million ($0.38 per share).

All three business segments achieved double-digit growth in 2024: Affordable Medicines (+15%), AvKARE (+25%), and Specialty (+14%). The company successfully reduced net leverage to 3.9x, one year ahead of schedule. For 2025, Amneal projects net revenue between $3.0-$3.1 billion and Adjusted EBITDA of $650-$675 million, focusing on expansion in Specialty, Biosimilars, and GLP-1 therapies.

Amneal Pharmaceuticals (AMRX) has announced two significant developments: the launch of mesalamine 800 mg delayed-release tablets for treating moderately active ulcerative colitis in adults, and FDA approval for lenalidomide capsules in multiple strengths. Mesalamine represents a complex product with market suppliers, while lenalidomide will be available for sale starting January 31, 2026, following a settlement with Celgene.

The mesalamine market shows significant potential, with U.S. annual sales reaching approximately $147 million for the 12 months ended December 2024. The company views these developments as key drivers for sustainable business growth, particularly highlighting their R&D capabilities in complex drug manufacturing.

Amneal Pharmaceuticals (NASDAQ: AMRX) has announced it will release its fourth quarter and full year 2024 financial results on Friday, February 28, 2025, before market open. The company will host an audio webcast at 8:30 a.m. ET on the same day.

Investors can access the financial results and live webcast through the company's Investor Relations website at https://investors.amneal.com. The conference call can be accessed by dialing 1 (833) 470-1428 in the U.S., with the access code 863159. A replay will be available after the call.

Amneal Pharmaceuticals (AMRX) has received FDA approval for two products and one tentative approval: memantine/donepezil extended-release capsules for Alzheimer's dementia treatment (with 180-day exclusivity), everolimus tablets for treating Tuberous Sclerosis Complex, and tentative approval for rifaximin tablets for IBS-D treatment.

The memantine/donepezil product references Abbvie's NAMZARIC®, everolimus references Novartis' AFINITOR DISPERZ®, and rifaximin references Bausch Health's XIFAXAN®. The U.S. market size for these products (as of November 2024) is approximately $88 million for memantine/donepezil, $114 million for everolimus, and $2.6 billion for rifaximin (all indications).

Amneal Pharmaceuticals (Nasdaq: AMRX) has announced its participation in two major upcoming investor conferences. Chirag Patel, Co-Chief Executive Officer and President, and Tasos Konidaris, Chief Financial Officer, will represent the company.

The first event is the 36th Annual Piper Sandler Healthcare Conference in New York on December 4, 2024, featuring a fireside chat at 11:00 AM EST. The second is the 43rd Annual J.P. Morgan Healthcare Conference in San Francisco from January 13-15, 2025, with a presentation scheduled for January 15 at 10:30 AM PST.

Both events will be accessible via live webcast on Amneal's investor relations website, with replays available afterward.

Amneal Pharmaceuticals (AMRX) announced two major developments: the resubmission of its NDA for a DHE autoinjector for migraine and cluster headache treatment, and FDA approval of exenatide, its first generic injectable GLP-1 agonist. The DHE autoinjector would be the first and only of its kind, offering at-home self-administration without refrigeration or assembly. The FDA review is expected by Q2 2025. The exenatide approval (1.2 mL and 2.4 mL prefilled pens) demonstrates Amneal's capabilities in complex pharmaceuticals and peptide development, targeting type 2 diabetes treatment.

Amneal Pharmaceuticals (AMRX) reported Q3 2024 financial results with net revenue of $702 million, up 13% year-over-year. The company posted a GAAP net loss of $0.2 million and adjusted EBITDA of $158 million. Generics revenue increased 9%, Specialty revenue grew 19%, and AvKARE revenue rose 21%. Key developments include the launch of CREXONT® for Parkinson's disease, collaboration with Metsera for obesity medicines, and in-licensing of a new biosimilar. The company affirmed its 2024 full-year guidance with projected net revenue of $2.70-2.80 billion and adjusted EBITDA of $610-630 million.

Amneal Pharmaceuticals (Nasdaq: AMRX) has received FDA approval for its New Drug Application (NDA) for Pyridostigmine Bromide Extended-Release (PB ER) Tablets USP 105 mg. This once-daily product is designed for pretreatment against soman nerve agent poisoning in adults, specifically for the U.S. Armed Services and allies. Developed using Amneal's GRANDE® drug delivery technology, it offers potential for improved compliance and steady 24-hour release, replacing the current thrice-daily dosing regimen.

The project was partially funded by the U.S. government under Agreement W911QY-21-9-0018. This marks Amneal's second NDA approval this year, following CREXONT for Parkinson's disease. The most common serious adverse reactions reported were breathing difficulties, dizziness, and loss of consciousness.