Welcome to our dedicated page for Medicure news (Ticker: MCUJF), a resource for investors and traders seeking the latest updates and insights on Medicure stock.
Medicure Inc. reports developments tied to its U.S. pharmaceutical commercialization business, pharmacy operations, research programs, and public-company governance. The company markets and distributes AGGRASTAT (tirofiban hydrochloride) injection and ZYPITAMAG (pitavastatin) tablets through its U.S. subsidiary, Medicure Pharma Inc., and operates pharmacy businesses including Marley Drug, Gateway Medical Pharmacy, and West Olympia Pharmacy.
Recurring updates include quarterly and annual financial results, product revenue from AGGRASTAT and ZYPITAMAG, pharmacy revenue, research and development spending, and the MC-1 program for PNPO deficiency. News also covers completed pharmacy acquisitions, shareholder meeting results, conference calls, and executive leadership changes.
Medicure (TSXV:MPH) (OTC PINK:MCUJF) reported financial results for Q1 2024, ending March 31, 2024. The company recorded net revenue of $5.7 million, a slight increase from $5.6 million in Q1 2023. AGGRASTAT revenue fell to $2.3 million from $2.7 million, while Marley Drug revenue rose to $2.7 million from $2.3 million. Adjusted EBITDA decreased to $359,000 from $916,000, and net income dropped to $51,000 from $290,000. The decrease was attributed to higher expenses and lower AGGRASTAT sales. The company had $6.1 million in unrestricted cash as of March 31, 2024.
Additionally, all six nominees, including new director Kimberly Kramchynsky, were elected at the annual general meeting. The company will host a conference call on May 29, 2024, to discuss the results.
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