ANI Pharmaceuticals Reports Record Third Quarter 2023 Financial Results and Raises Full-Year 2023 Guidance
-- Generics, Established Brands and Other reported net sales of $102.1 million, representing year-over-year growth of 43.4% --
- Nikhil Lalwani, President and CEO of ANI stated, “Strong execution has resulted in another record quarter for revenue and adjusted non-GAAP EBITDA, positioning us to raise full year 2023 guidance for the third consecutive quarter.
- Third Quarter 2023 Financial Highlights:
Net revenues were $131.8 million compared to $83.8 million in Q3 2022. - Since the launch of Cortrophin Gel, the overall ACTH category has experienced six consecutive quarters of year-over-year growth from second quarter 2022 to third quarter 2023.
- Sales of generic pharmaceuticals products, established brands and other grew 43.4% year-over-year in the third quarter of 2023.