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05 May, 2024 11:51 IST
Keryx Biopharmaceuticals third-quarter loss widens on a YOY basis
Source: IRIS | 09 Nov, 2016, 07.00PM

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Keryx Biopharmaceuticals, Inc. (KERX) saw its loss widen to $41.70 million, or $0.39 a share for the quarter ended Sep. 30, 2016. In the previous year period, the company reported a loss of $30.74 million, or $0.29 a share.

Revenue during the quarter surged 50.59 percent to $6.34 million from $4.21 million in the previous year period.

Operating loss for the quarter was $41.83 million, compared with an operating loss of $30.82 million in the previous year period.

"Our second contract manufacturer is successfully producing Auryxia," said Greg Madison, president and chief executive officer of Keryx Biopharmaceuticals. "We are ready to promptly make Auryxia available to pharmacies, pending approval of this manufacturer, which has a November 13, 2016 PDUFA date. Since August, we have been working closely with the kidney community to support them through the supply interruption. We are committed to maintaining a consistent supply of Auryxia, and we are working to ensure that the renal care teams will confidently prescribe Auryxia again."

 


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