Avadel Pharmaceuticals Provides Corporate Update and Reports Third Quarter 2023 Financial Results
-- Management to host a conference call today at 8:30 a.m. ET --
- ET --
DUBLIN, Ireland, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Avadel Pharmaceuticals plc (Nasdaq: AVDL), a biopharmaceutical company focused on transforming medicines to transform lives, today provided a corporate update and announced its financial results for the third quarter ended September 30, 2023. - R&D expenses were $2.8 million in the quarter ended September 30, 2023, compared to $2.9 million for the same period in 2022.
- SG&A expenses were $39.2 million in the quarter ended September 30, 2023, compared to $14.1 million for the same period in 2022.
- The Company drew the first $30.0 million tranche from a $75.0 million royalty financing arrangement on August 1, 2023.