Ascendis Pharma Stock Price, News & Analysis

Ascendis Pharma A/S (Nasdaq: ASND) has announced a private offering of US$500,000,000 in convertible senior notes due 2028. The offering is aimed at qualified institutional buyers under Rule 144A and includes an option for initial purchasers to buy an additional US$75,000,000 in notes. The notes will accrue interest semi-annually and are convertible into Ascendis Pharma's American Depositary Shares (ADSs). Proceeds will fund the repurchase of up to 1 million ADSs and support the development of various therapeutics, including TransCon hGH and oncology programs.

Spruce Biosciences, Inc. (NASDAQ: SPRB) has appointed Dr. Will Charlton as Chief Medical Officer following the departure of Dr. Rosh Dias. Dr. Charlton, with over 15 years in clinical research and experience in rare disease drug development, will lead Spruce's clinical strategies, particularly focusing on tildacerfont, aimed at treating classic congenital adrenal hyperplasia and polycystic ovary syndrome.

CEO Javier Szwarcberg expressed confidence in Dr. Charlton's expertise, anticipating significant advancements in therapies for rare endocrine disorders, which have seen no new treatments in nearly 50 years.

Ascendis Pharma announced significant results from the Phase 3 PaTHway Trial of TransCon PTH for adults with hypoparathyroidism. The primary endpoint was achieved by 78.7% of treated patients, compared to 4.8% in the control group (p-value < 0.0001). Key secondary endpoints also showed statistically significant improvements in patient-reported symptoms. TransCon PTH was well-tolerated, with no discontinuations due to the drug. An NDA is planned for submission in Q3 2022.

Ascendis Pharma announced its full-year financial results for 2021, reporting total revenue of €7.8 million, an increase from €7.0 million in 2020. The company incurred a net loss of €383.6 million, or €7.00 per share, improving from €419.0 million, or €8.28 per share, in the prior year. With cash reserves of €789.6 million, Ascendis continues to advance its pipeline, including TransCon PTH, with Phase 3 results expected soon. The company remains optimistic about a strong 2022, driven by the success of SKYTROFA and a robust oncology pipeline.

Ascendis Pharma A/S (Nasdaq: ASND) announced a conference call on March 2, 2022 at 4:30 p.m. ET to discuss its 2021 financial results and provide a business update. Investors can join via the company’s website, where a replay will be available afterward. The company aims to build a leading biopharma firm using its TransCon technologies to deliver potentially best-in-class therapies. However, the release includes forward-looking statements that highlight substantial risks and uncertainties in achieving their operational goals.

Ascendis Pharma A/S (Nasdaq: ASND) announced its participation in the 11th Annual SVB Leerink Global Healthcare Conference. The virtual fireside chat will take place on February 16, 2022, from 3:00 to 3:30 p.m. Eastern Time. A live webcast will be accessible through the Investors and News section on Ascendis Pharma's website, with a replay available for 30 days post-event. Ascendis Pharma focuses on innovative therapies through its TransCon technologies, aiming to enhance patient lives.

Ascendis Pharma announced that the European Commission has granted marketing authorization for TransCon hGH, branded as Lonapegsomatropin, aimed at treating pediatric patients aged 3 to 18 with growth hormone deficiency (GHD). This once-weekly injection offers a sustained release of somatropin, improving treatment adherence. The approval is based on positive results from the Phase 3 trials involving over 300 pediatric patients. The company plans to leverage this approval to enhance its market presence in Europe and develop further products for GHD.

Ascendis Pharma (Nasdaq: ASND) provided updates on its Vision 3x3 and upcoming milestones at the J.P. Morgan Healthcare Conference. CEO Jan Mikkelsen reported strong initial demand for SKYTROFA, the FDA-approved treatment for pediatric growth hormone deficiency, noting a 10% prescription rate among targeted prescribers. In 2022, the company anticipates significant clinical data readouts across its endocrinology and oncology pipeline, alongside the introduction of a third therapeutic area by year-end.

Ascendis Pharma A/S (Nasdaq: ASND) will participate in the 40th Annual J.P. Morgan Healthcare Conference on January 10, 2022. The event is virtual and begins at 3:00 p.m. Eastern Time. Company executives will provide updates on its pipeline programs and business overview. A live webcast will be available on the Ascendis Pharma website, with a replay accessible for 30 days following the event. This presentation highlights Ascendis' commitment to innovative therapies using its TransCon technologies.