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Stock impact report

Edited Transcript of ANIP earnings conference call or presentation 6-Nov-19 3:30pm GMT [Yahoo! Finance News]

ANI Pharmaceuticals, Inc. (ANIP) 
Last ani pharmaceuticals, inc. earnings: 2/27 08:30 am Check Earnings Report
Edited Transcript of ANIP earnings conference call or presentation 6-Nov-19 3:30pm GMT Our continued advancement of Cortrophin Gel. We remain on track for our supplemental NDA filing in March 2020. From our paper to practice efforts, we recently dosed our first human volunteer subjects with our finished dosage form Cortrophin Gel drug. We continue to believe that Cortrophin Gel is a transformational revenue and EBITDA opportunity for ANI. Cortrophin Gel will compete in a monopolistic market that approximates $1 billion in net revenues today. Second, a strong balance sheet and strong cash flow. Our current debt, net of cash, is approximately $130 million. At that debt level, we are levered at less than 1.5x the midpoint of our 2019 adjusted non-GAAP EBITDA guidance. Our cash flow from operations for the first 9 months of 2019 is $40.8 million, and our current cash on hand is over $64 million. A large part of the generic industry turndown in recent years can be directly attributed to ou Show less Read more
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