Xeris Pharmaceuticals Inc. (XERS) Misses Q3 EPS by 2c

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Go back to Xeris Pharmaceuticals Inc. (XERS) Misses Q3 EPS by 2c

Xeris Biopharma Reports Third Quarter 2021 Financial Results and Other Highlights

November 10, 2021 7:00 AM EST

Acquisition of Strongbridge Biopharma closed October 5, 2021; integration complete

Q3 pro forma net sales of $22.5M: Gvoke® and Keveyis® $11.0M and $11.5M, respectively

Gvoke and Keveyis net sales grew 19% compared to Q2 2021 and combined are on track to achieve $76M to $80M full year 2021 net sales

On track to realize $50M in synergies; anticipates year-end cash, cash equivalents, and investments of approximately $100M

Achieved 12-month interest-only extension on Oxford/SVB debt facility, deferring approximately $17M in principal repayment to... More