Idorsia Ltd
SIX:IDIA

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Idorsia Ltd
SIX:IDIA
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Price: 4.51 CHF 5.99%
Market Cap: 1.1B CHF

Idorsia Ltd
Investor Relations

Idorsia Ltd. operates as a biopharmaceutical firm which focuses on discovery, development and commercialization of innovative medicines for unmet medical needs. The company is headquartered in Allschwil, Basel-Landschaft. The company went IPO on 2017-06-16. The firm will have a diverse clinical development pipeline comprising several compounds being investigated in multiple therapeutic areas, including central nervous system disorders, cardiovascular disorders, immunological disorders and orphan diseases. The firm's development compounds target a number of different diseases such as: Resistant Hypertension, Systemic lupus erythematosus, Chronic insomnia and Fabry disease, among others.

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Last Earnings Call
Fiscal Period
Q1 2024
Call Date
May 21, 2024
AI Summary
Q1 2024

Leadership Transition: CEO Jean-Paul Clozel announced this was his last earnings call as CEO, with a new executive committee and board changes planned for a "new phase" at Idorsia.

TRYVIO Launch Plan: TRYVIO (aprocitentan) received FDA approval in March 2024 and is set for U.S. commercial availability in Q4 2024, with a full launch in Q1 2025 at a WAC price of $775 per month.

QUVIVIQ Performance: QUVIVIQ saw strong prescription volume in both the U.S. (~60,000 per quarter) and Europe, with payer-paid prescriptions in the U.S. rising to 73% by March 2024.

Revenue Dip Explained: U.S. QUVIVIQ net sales dipped in Q1 2024 due to patient insurance deductibles resetting, not a decline in demand.

Cost Savings & Cash: Cost-saving initiatives reduced both SG&A and R&D expenses; cash position improved to CHF 335 million at end of March 2024, boosted by the Viatris deal.

Strategic Deals: Closed major deals with Sosei Heptares (Nxera) and Viatris, including a $350 million upfront for two Phase III assets.

Guidance for 2024: Non-GAAP operating loss guidance is CHF 420 million, with net sales expected at CHF 55 million and R&D OpEx at CHF 165 million.

Key Financials
Cash and cash equivalents
CHF 335 million
QUVIVIQ U.S. prescriptions
about 60,000 per quarter
QUVIVIQ U.S. payer-paid prescriptions
73% (March 2024)
QUVIVIQ U.S. net sales (Q1 2024)
CHF 6.5 million
QUVIVIQ EUCAN sales (Q1 2024)
CHF 1.5 million
Non-GAAP operating loss (2023)
CHF 592 million
Non-GAAP operating loss (2024 guidance)
CHF 420 million
Net sales (2024 guidance)
CHF 55 million
R&D operating expenses (2023)
CHF 262 million
R&D operating expenses (2024 guidance)
CHF 165 million
TRYVIO U.S. WAC price
$775 per month
Viatris deal upfront
$350 million
Other Earnings Calls

Management

Mr. Andre C. Muller
Executive VP & CFO
No Bio Available
Dr. Martine Clozel
Executive VP & Chief Scientific Officer
No Bio Available
Dr. Guy Braunstein M.D.
Executive VP & Chief Medical Officer
No Bio Available
Mr. Alberto Gimona M.D.
Executive VP & Head of Global Clinical Development
No Bio Available
Mr. Andrew C. Weiss C.F.A.
Senior VP and Head of Investor Relations & Corporate Communications
No Bio Available
Mr. Julien Gander L.L.M.
Senior VP, Group General Counsel & Company Secretary
No Bio Available
Mr. Alexander Khatuntsev
Senior VP & Head of Global Human Resources
No Bio Available
Mr. Olivier Lambert
Senior VP & Head of Technical Operations
No Bio Available
Mr. Markus A. Riederer
Senior VP & Head of Drug Discovery Biology
No Bio Available
Mr. Christoph Boss
Senior VP & Head of Drug Discovery Chemistry
No Bio Available

Contacts

Address
BASEL-LANDSCHAFT
Allschwil
Hegenheimermattweg 91
Contacts