United Therapeutics (UTHR) Misses Q4 EPS by 69c, Revenues Miss

United Therapeutics (NASDAQ: UTHR) reported Q4 EPS of $1.96, $0.69 worse than the analyst estimate of $2.65. Revenue for the quarter came in at $311.1 million versus the consensus estimate of $357.77 million.

"Following the positive results of the INCREASE study of Tyvaso® (treprostinil) Inhalation Solution in pulmonary hypertension associated with interstitial lung disease (ILD), we're looking forward to submitting a supplemental new drug application to expand the Tyvaso label mid-year that, if approved, could expand Tyvaso's addressable U.S. population by more than 30,000 patients and help patients with no available approved therapies control their pulmonary hypertension associated with ILD," said Martine Rothblatt, Ph.D., Chairman and Chief Executive Officer of United Therapeutics. "After INCREASE, we're looking forward to continued progress on three new infusion systems for delivery of parenteral treprostinil over the next 18 months: the launch of the Remunity™ system by July of this year, FDA action on the Trevyent® system, and the potential launch of the Implantable System for Remodulin expected next year."

Michael Benkowitz, President and Chief Operating Officer of United Therapeutics, commented, "Overall, we are pleased with the growth in our treprostinil products in 2019, and in particular, the strength in Remodulin new patient starts and active patients on therapy, despite generic competition for most of the year. With 2020 representing the first full year of an expanded Orenitram® label reflecting the FREEDOM-EV results, and the anticipated near-term launch of Remunity, we're confident in our ability to grow our net revenue over 2019 levels."

For earnings history and earnings-related data on United Therapeutics (UTHR) click here.

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