Aptevo Therapeutics Reports Second Quarter 2019 Financial Results

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Aptevo Therapeutics (APVO) Tops Q2 EPS by 3c

August 9, 2019 9:02 AM EDT

Aptevo Therapeutics (NASDAQ: APVO) reported Q2 EPS of ($0.30), $0.03 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $7.36 million versus the consensus estimate of $7.04 million.

Second Quarter 2019 Highlights

Achieved 32% increase in year-over-year IXINITY net revenue in the first half of 2019 through continued expansion of the patient base for IXINITYLaunched a new, more desirable 3,000 IU assay for IXINITY providing advantages for Hemophilia B patients and our channel partnersCompleted dosing in a Phase 1 clinical trial of APVO210 designed to evaluate single ascending doses (SAD) in healthy... More