Welcome to our dedicated page for Catalyst Pharmaceuticals news (Ticker: CPRX), a resource for investors and traders seeking the latest updates and insights on Catalyst Pharmaceuticals stock.
Catalyst Pharmaceuticals Inc. (NASDAQ: CPRX) is a biopharmaceutical leader focused on rare neuromuscular and neurological disorders, including its FDA-approved therapy for Lambert-Eaton Myasthenic Syndrome (LEMS). This page provides official updates and analysis of Catalyst's developments in drug commercialization, regulatory milestones, and clinical research.
Investors and healthcare professionals can monitor critical updates including FDA decisions, clinical trial progress, and strategic partnerships. All content is sourced from verified filings, press releases, and reputable financial analysis to ensure accuracy.
Key focus areas include developments around Firdapse® commercialization, pipeline advancements for CPP-115, and regulatory strategies for orphan drug designations. The curated news collection enables efficient tracking of Catalyst's position in the competitive rare disease therapeutics market.
Bookmark this page for consolidated access to Catalyst's latest business and scientific developments. Check regularly for updates impacting the company's growth trajectory in a sector where regulatory approvals directly influence market performance.
Catalyst Pharmaceuticals, Inc. (Nasdaq:CPRX) announced participation in two investor conferences. The Oppenheimer Rare & Orphan Disease Summit will feature Catalyst’s pre-recorded presentation on May 21, 2021, at 8:00 a.m. EDT, followed by virtual meetings. The Jefferies Virtual Healthcare Conference will see Catalyst present on June 2, 2021, at 4:00 p.m. EDT, with additional virtual meetings throughout the day. Catalyst specializes in developing high-quality medicines for rare diseases and seeks to expand its pipeline, notably with Firdapse® for LEMS.
Catalyst Pharmaceuticals (Nasdaq: CPRX) reported Q1 2021 net revenues of $30.2 million, up from $29.1 million in Q1 2020. GAAP net income was $7.7 million ($0.07 per share), a decrease from $10.4 million ($0.10 per share) in the same period last year. The company has $143.3 million in cash and no funded debt. Catalyst recently received Orphan Drug Designation for Firdapse® in Japan. The firm plans to expand investments in R&D and other therapeutic areas, aligning with its new strategic focus. A conference call is scheduled for May 11, 2021, to discuss further details.
Catalyst Pharmaceuticals (Nasdaq: CPRX) will release its Q1 2021 financial results after market close on May 10, 2021. A conference call is scheduled for May 11, 2021, at 8:30 a.m. ET to discuss the results and provide corporate updates. Catalyst focuses on developing high-quality medicines for rare diseases, with Firdapse® (amifampridine) currently being evaluated for MuSK-MG and recently approved in Canada for LEMS. The company is committed to a robust pipeline of medicines and maintains transparency regarding known risks in its forward-looking statements.
Catalyst Pharmaceuticals (Nasdaq: CPRX) has announced a share repurchase program, authorizing the buyback of up to $40 million of its outstanding common stock. This move signifies the company's confidence in its long-term outlook and strong cash flow generation capabilities.
CEO Patrick J. McEnany emphasized the robust balance sheet and earnings potential that position Catalyst well for its strategic initiatives and shareholder value enhancement. The buyback will utilize existing cash, with purchases made at management's discretion based on market conditions.
Catalyst Pharmaceuticals (Nasdaq: CPRX) reported Q4-20 net revenues of $31.0 million, and FY-20 revenues of $119.1 million, a 16% increase year-over-year. Q4-20 net income was $11.4 million ($0.11 per share), while FY-20 net income soared to $75.0 million ($0.72 per share). The company ended 2020 with $140.3 million in cash and no debt. Catalyst plans to expand its product pipeline and invest in R&D in 2021. A national conference call is scheduled for March 16, 2021, to discuss these results and future strategies.
Catalyst Pharmaceuticals (Nasdaq: CPRX) will release its fourth quarter and year-end 2020 financial results on March 15, 2021, after market close. An investment-community conference call is scheduled for March 16, 2021, at 8:30 a.m. ET to discuss these results. The call can be accessed by phone or via the company's website. Catalyst focuses on innovative therapies for rare neuromuscular and neurological diseases, including LEMS and MuSK-MG. Firdapse, its approved drug for LEMS, is commercially available in the U.S. and has also gained approval in Canada.
Catalyst Pharmaceuticals (Nasdaq: CPRX) supports Rare Disease Day 2021, emphasizing awareness for over 300 million people living with rare diseases. The company will participate in the 'Show Your Stripes' campaign and launch the 'Rare Reason' initiative on social media to highlight involvement in the rare disease community. Catalyst is sponsoring a Facebook Live event on February 26, 2021, to discuss topics related to rare diseases, featuring patient advocates and neurologists. Catalyst's FDA-approved therapy, Firdapse, is aimed at treating Lambert-Eaton myasthenic syndrome (LEMS).
Catalyst Pharmaceuticals (CPRX) announced plans to expand its R&D focus, aiming for pipeline growth in earlier stage programs and validated technology platforms. The company reported an estimated $118 million in net revenues for 2020, a 16% increase from 2019, and concluded the year with an estimated $140 million in cash and investments. Catalyst intends to invest more in R&D, seeking a senior executive to oversee this strategy. The development of Firdapse LA is on track, with additional studies planned for HNPP starting in Q1 2021.
Catalyst Pharmaceuticals (CPRX) reported Q3 2020 net revenues of $29.2 million, a slight decrease from $30.9 million in Q3 2019. The company ended the quarter with $127.1 million in cash and investments. Net income surged to $43.3 million ($0.42 per share), bolstered by a $31.3 million tax benefit. A U.S. patent for Firdapse® was issued, expiring in April 2034, and the drug was approved in Canada. Research and development costs decreased to $3.7 million. Catalyst plans to expand Firdapse® commercialization and continue clinical trials for additional indications.
Catalyst Pharmaceuticals (CPRX) will announce its third-quarter 2020 financial results on November 9, 2020, after market close. An investment-community conference call is scheduled for November 10, 2020, at 8:30 a.m. ET to discuss these results and provide a corporate update. The call can be accessed via phone or streamed online through the company's investor webpage. Catalyst focuses on innovative therapies for rare neuromuscular diseases, including Firdapse®, which is approved in the U.S. and Canada for Lambert-Eaton myasthenic syndrome, and is under evaluation for other conditions.
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