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 commercial-stage biopharmaceutical company focused on in-licensing, developing, and commercializing medicines for patients living with rare and difficult-to-treat diseases. The CPRX news feed on Stock Titan aggregates company announcements, financial updates, scientific disclosures, and investor conference appearances drawn from Catalyst’s own public communications and regulatory filings.
Readers can find earnings and financial result announcements, where Catalyst reports product revenue contributions from FIRDAPSE, AGAMREE, and FYCOMPA, along with commentary on operating performance and business outlook. These releases often discuss factors such as organic growth in Lambert-Eaton myasthenic syndrome markets, demand in Duchenne muscular dystrophy centers of excellence, and the impact of generic competition on specific products.
The news stream also features corporate and strategic updates, including authorization of share repurchase programs, patent litigation settlements related to FIRDAPSE, and developments in clinical practice guidelines that reference conditions and therapies linked to the company’s portfolio. In addition, Catalyst regularly announces participation in major healthcare and investor conferences, providing insight into how management presents the story behind CPRX to the investment community.
For those following the scientific and patient-focused side of the business, the news includes conference presentations and advocacy initiatives, such as real-world analyses in Duchenne muscular dystrophy, research on Lambert-Eaton myasthenic syndrome, and programs like the Catalyst Advocacy Scholars Summit with academic partners. Investors, analysts, and patients can use this page to monitor how Catalyst’s rare disease strategy, clinical activities, and capital allocation decisions evolve over time. Bookmark this CPRX news page for a centralized view of the company’s key public announcements.
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.
On October 19, 2020, Catalyst Pharmaceuticals (Nasdaq: CPRX) filed lawsuits against Jacobus Pharmaceuticals and PantherRx Rare for infringing U.S. Patent No. 10,793,893, which relates to treatments using amifampridine, specifically targeting their Ruzurgi® product. Catalyst seeks damages and injunctive relief to halt Ruzurgi®'s marketing, asserting the necessity to protect its intellectual property and the investment made in neuromuscular drug development. The FDA-approved Firdapse® product is central to Catalyst's business model, with ongoing evaluations for other conditions.
Catalyst Pharmaceuticals (Nasdaq: CPRX) announced the issuance of U.S. Patent No. 10,793,893 for Firdapse® (amifampridine), expiring April 7, 2034. This patent is expected to create barriers against generic competition, extending the exclusivity period by nine years beyond current orphan drug protections. The patent specifically addresses methods of administering the drug to slow metabolizers. Catalyst plans to submit the patent for listing in the FDA's Orange Book. Currently, Firdapse is approved for treating Lambert-Eaton myasthenic syndrome and is being evaluated for other conditions.