Zevra Therapeutics Inc (ZVRA) Reports Q3 2023 Financial Results [Yahoo! Finance]
Acer Therapeutics Inc. (ACER)
Last acer therapeutics inc. earnings: 3/18 04:05 pm
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Source: Yahoo! Finance
ZVRA is on track to resubmit the Arimoclomol NDA by the end of the year. The proposed acquisition of Acer Therapeutics is expected to close in Q4 2023. On November 7, 2023, Zevra Therapeutics Inc ( NASDAQ:ZVRA ), a rare disease therapeutics company, released its financial results for the quarter ended September 30, 2023. The company reported a net revenue of $2.9 million for Q3 2023, matching the net revenue of the same quarter in the previous year. The revenue components for the current quarter include ongoing royalties from AZSTARYS and reimbursements from the French early access program for arimoclomol. Financial Highlights Research and development (R&D) expenses for Q3 2023 were $12.3 million, a significant increase from $5.4 million in Q3 2022. This increase was primarily driven by the ongoing Phase 2 clinical trial in KP1077 and the ongoing work to prepare the arimoclomol NDA for resubmission. General and administrative (G&A) expenses were $5.8 million for Q3 2023, comp
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