Neuren Pharmaceuticals (ASX: NEU) Raises FY24 North America DAYBUETM Commercial Income Guidance to AUD 132-138Mn.

Wed 04 Dec 24, 05:07 AM | Team Kalkine

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Highlights

Neuren Pharmaceuticals Limited (ASX:NEU) develops new drug therapies for the treatment of neurological disorders. DAYBUE™ (trofinetide) is a product of NEU that has received US FDA approval. It is designed to treat Rett syndrome in patients who have attained the age of two years and above.

In the first half of the financial year 2024 (1HFY24), the royalty income of NEU increased by 594.29% to AUD 24.3 million, however, group revenue dropped by 50% YoY to AUD 32.1 million. Further,net profit also declined by almost 83% YoY to AUD 8 million as there was no milestone payment during the period.

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