earnings
confidence high
sentiment positive
materiality 0.85
Mirum Q1 2023 LIVMARLI sales $29.1M, up 167% YoY; closed $316M convertible note
Mirum Pharmaceuticals, Inc.
2023-Q1 EPS reported
-$0.80
revenue$31,598,000
- Net product sales for LIVMARLI $29.1M in Q1 2023 vs $10.9M in Q1 2022, a 167% increase.
- Total revenue $31.6M; operating expenses $58.7M; cash $232.1M as of March 31, 2023.
- FDA approved label expansion for LIVMARLI to include infants 3 months+ in Alagille syndrome.
- sNDA for LIVMARLI in PFIC accepted with PDUFA date December 13, 2023.
- Closed $316.3M upsized convertible notes offering at 4.00% due 2029; repurchased 9.75% royalty obligation.