Here's Why Keryx Biopharmaceuticals Dropped 19.6% in August [The Motley Fool]
KERYX BIOPHARMACEUTICALS (KERX)
Last keryx biopharmaceuticals earnings: 11/8 04:30 pm
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Source: The Motley Fool
The pharma company announced second-quarter 2018 earnings. Maxx Chatsko ( TMFBlacknGold ) Sep 5, 2018 at 1:35AM What happened Shares of Keryx Biopharmaceuticals ( NASDAQ:KERX ) dropped nearly 20% last month, according to data from S&P Global Market Intelligence . The pharma company announced second-quarter and first-half 2018 results that included disappointing sales revenue for its only drug, Auryxia. As a result, sales lagged behind consensus estimates despite delivering strong year-over-year growth. So what Keryx Biopharmaceuticals reported Auryxia sales of $24.1 million in the second quarter of 2018, which compared favorably with just $14.1 million in the year-ago period. The company delivered first-half 2018 total revenue of $47.5 million, including a $2.8 million bump from licensing revenue, which marked healthy growth compared with $26
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