Group revenue of Neuren Pharmaceuticals (ASX: NEU) declines 50% in FY24, despite nearly 600% jump in royalty income.

Tue 27 Aug 24, 05:08 AM | Team Kalkine

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Highlights

Neuren Pharmaceuticals Limited (ASX: NEU) is an ASX-listed biopharmaceutical company focused on development of therapies for neurodevelopmental disorders.

In the first half of the financial year 2024 (1HFY24), group income of the company decreased by 50.15% YoY to AUD 32.11 million due to absence of any sales milestone payment, while in 1HFY23, it stood at AUD 59.4 million. The decline in group income was partially offset by royalty income which increased by 594.29% YoY to AUD 24.30 million in 1HFY24.

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