Xeris Pharmaceuticals Inc. (XERS) Misses Q4 EPS by 18c

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Xeris Biopharma Reports Fourth Quarter and Full-year 2021 Financial Results and Recent Events

March 10, 2022 7:00 AM EST

Acquisition and integration of Strongbridge Biopharma completed; $50M in synergies to be realized by year-end 2022

Recorlev® approved by FDA

FY 21 pro forma net product revenues of $79M a 56% increase from prior year

Well-capitalized with cash, cash equivalents, and short-term investments of $102.4M at YE 2021

Double-digit net product revenues growth expected in 2022 to be $105M - $120M

Cash position further strengthened with a recent PIPE and the restructuring of debt with Hayfin Capital; 2022 year-end cash, cash equivalents,... More