Redhill Biopharma Ltd
NASDAQ:RDHL

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Redhill Biopharma Ltd Logo
Redhill Biopharma Ltd
NASDAQ:RDHL
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Price: 1.03 USD Market Closed
Market Cap: 3.4m USD

Redhill Biopharma Ltd
Investor Relations

RedHill Biopharma Ltd. is a biopharmaceutical company focusing gastrointestinal and infectious diseases. The firm promotes three gastrointestinal drugs in the US: Movantik, Talicia and Aemcolo. Key programs in it pipeline of late-stage clinical assets include: opaganib (Yeliva) and RHB-107 for multiple indications including COVID-19, RHB-204 for pulmonary nontuberculous mycobacteria (NTM) disease and RHB-104 for Crohn's disease.

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Last Earnings Call
Fiscal Period
Q1 2022
Call Date
Jun 23, 2022
AI Summary
Q1 2022

Cost Savings: RedHill is implementing a comprehensive cost reduction plan, targeting $50 million in operational savings over 18 months, mainly through a one-third reduction in the U.S. commercial workforce and streamlined expenses.

Profitability Target: Management is focused on reaching positive cash flow from operations before interest payments in the second half of 2022, with a clear path supported by reduced costs and stable cash usage.

Prescription Growth: Both Movantik and Talicia achieved record or near-record prescription volumes in Q1, with Talicia up 12.8% quarter-over-quarter and 80% year-over-year.

Revenue & Margins: Q1 2022 net revenue was $18.2 million, down from Q4 due to seasonality, with a gross margin of 56%.

Commercial Coverage: Both lead brands saw expanded payer coverage, with Talicia becoming a preferred brand for 14 million Medi-Cal beneficiaries and additional improvements in Florida and national PBMs.

R&D Strategy: COVID-19 programs (opaganib, RHB-107) and RHB-204 for NTM disease are advancing, but further progress will rely mainly on external (non-dilutive) funding.

Financial Position: Cash used in operating activities dropped over 70% quarter-on-quarter to about $4 million; quarter-end cash balance was $45 million, not including a $15 million raise in May.

Key Financials
Net Revenue
$18.2 million
Gross Profit
$10.2 million
Gross Margin
56%
Cash Used in Operating Activities
$4 million
Cash Position
$45 million (as of March 31, 2022)
Operational Cost Savings
$50 million (projected over next 18 months)
Movantik Prescription Volume
within 1% of Q4 record; up 8.6% YoY
Talicia Prescription Volume
up 12.8% QoQ, up 80% YoY; record quarterly volume
Movantik Revenue
a little over $14 million
Talicia Out-Licensing Revenue
$2 million
Earnings Call Recording
Other Earnings Calls
2022

Management

Mr. Dror Ben-Asher
Co-Founder, Chairman & CEO
No Bio Available
Mr. Razi Ingber
Chief Financial Officer
No Bio Available
Mr. Gilead Raday MPhil, MSc
Chief Operating Officer
No Bio Available
Mr. Adi Frish
Chief Corporate & Business Development Officer
No Bio Available
Mr. Rick D. Scruggs
Chief Commercial Officer, President of RedHill Biopharma Inc. & Director
No Bio Available
Ms. Alexandra Okmian
Senior Business Development & Investor Relations Manager
No Bio Available
Dr. Reza Fathi Ph.D.
Senior Vice President of Research & Development
No Bio Available
Mr. Guy Goldberg J.D.
Chief Business Officer
No Bio Available
Ms. Patricia Anderson B.Sc. RAC
Senior Vice President of Regulatory Affairs
No Bio Available

Contacts

Address
TEL AVIV-YAFO
21 Ha'arba'a St.
Contacts
+97235413131.0
www.redhillbio.com