Ascendis Pharma
ASND
ISIN US04351P1012 / Valor 26912602
Ascendis Pharma
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About company
Ascendis Pharma, founded in 2007, is a biopharmaceutical company based in Copenhagen, Denmark, that specializes in developing innovative therapies for rare endocrine diseases. The company is publicly traded on the Nasdaq since 2015 and has a global presence with employees dedicated to improving patients' lives. In 2018, Ascendis Pharma formed VISEN Pharmaceuticals to focus on endocrinology and granted exclusive rights to develop and commercialize its rare disease therapies in Greater China. Key products include TransCon hGH, TransCon PTH, and TransCon CNP.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.08.2024):
Revenue Growth
Ascendis Pharma reported a significant increase in revenue for the first quarter of 2024, totaling €95.9 million compared to €33.6 million in the same period of 2023. This growth was driven by higher commercial sales of products, which more than doubled year-over-year.
Operating Expenses
Operating expenses for Ascendis Pharma in Q1 2024 were €137 million, a notable decrease from the €172.7 million reported in Q1 2023. This reduction in expenses reflects the company's efforts to streamline operations and improve cost efficiency.
Net Loss
Despite the increase in revenue, Ascendis Pharma reported a net loss of €131 million for the first quarter of 2024, compared to a net loss of €110.9 million in the same period of the previous year. The increased loss was primarily due to higher finance expenses.
Cash Position
As of March 31, 2024, Ascendis Pharma had cash, cash equivalents, and marketable securities totaling €320 million, down from €392.2 million as of December 31, 2023. The decrease in cash reserves is attributed to ongoing investments in research and development and other operational activities.
SKYTROFA Revenue
Revenue from SKYTROFA, Ascendis Pharma's growth hormone product, more than doubled in the first quarter of 2024, reaching €65 million. This represents a 106% year-over-year increase, reflecting a steady rise in the number of treated patients.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
8004 M
Market cap (USD)
618,439
Daily traded volume (Shares)
144.75 / 138.5
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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