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Name | Symbol | Market | Type |
---|---|---|---|
Ascendis Pharma AS | NASDAQ:ASND | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 137.20 | 72.13 | 159.92 | 0 | 09:05:55 |
“We took major steps in 2021 to becoming a viable, sustainable, and profitable biopharmaceutical company,” said Jan Mikkelsen, Ascendis Pharma’s President and Chief Executive Officer. “A strong flow of clinical results and our first commercial TransCon™ product showcased how we are leveraging our technology platform to build a leading global biopharmaceutical company able to successfully meet the needs of patients with differentiated product candidates.”
“This year, I am happy to report that our U.S. launch of SKYTROFA® (lonapegsomatropin-tcgd), the first U.S. FDA-approved once-weekly treatment for pediatric growth hormone deficiency is off to a strong start,” continued Mr. Mikkelsen. “In only two short months since launch, we have already seen 10% of our target prescribers’ writing prescriptions for SKYTROFA instead of daily growth hormone.”
“During 2022, we look forward to sharing multiple clinical data readouts across our high-value endocrinology rare disease and oncology portfolios,” continued Mr. Mikkelsen. “We believe the clinical readouts will demonstrate our ability to deliver therapies that make a meaningful impact on patients’ lives. In addition, we look forward to announcing a third independent therapeutic area with its own diversified pipeline in the fourth quarter of 2022.”
Pipeline Updates
Presentation at J.P. Morgan Healthcare Conference on Monday, January 10th The live webcast of the J.P. Morgan presentation will be available on the Investors & News section of the Ascendis Pharma website at www.ascendispharma.com. A webcast replay will be available on this website shortly after conclusion of the event for 30 days. The Company’s slides from the J.P. Morgan presentation also will also be available on the Investor Relations website.
About Ascendis Pharma A/SAscendis Pharma is applying its innovative platform technology to build a leading, fully integrated biopharma company focused on making a meaningful difference in patients’ lives. Guided by its core values of patients, science and passion, the Company uses its TransCon technologies to create new and potentially best-in-class therapies. Ascendis is headquartered in Copenhagen, Denmark, and has additional facilities in Heidelberg and Berlin, Germany; Palo Alto and Redwood City, California; and Princeton, New Jersey. Please visit www.ascendispharma.com to learn more.
Forward-Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding Ascendis’ future operations, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to (i) the expected timing of Ascendis’ announcement of a third independent therapeutic area, (ii) the expected timing of the European Commission’s final decision on Ascendis’ Marketing Authorization Application for TransCon hGH, (iii) Ascendis’ plans to submit a protocol to the FDA for TransCon hGH in Turner Syndrome subjects, (iv) the expected timing for completion of enrollment in the foresiGHt Trial, (v) the expected timing of planned regulatory filings for TransCon PTH to the FDA and the EMA, (vi) the expected timing of top-line results from the Phase 3 PaTHway Trial and the PaTHway Japan Trial, (vii) the expected timing of initiation of a pediatric HP program for TransCon PTH, (viii) the expected timing of planned regulatory filings for TransCon CNP, (ix) the expected timing of top-line results from the ACcomplisH Trial, (x) the expected timing of dose escalation data for transcendIT-101, (xi) the expected timing of the IL-eliee Trial, (xii) the expected timing of top-line monotherapy data for the IL-eliee Trial, (xii) the expected timing of planned regulatory filings for TransCon TLR7/8 Agonist and TransCon IL-2 β/γ, (xiv) Ascendis’ ability to apply its platform technology to build a leading, fully integrated biopharma company, and (xv) Ascendis’ use of its TransCon technologies to create new and potentially best-in-class therapies. Ascendis may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions, expectations, and projections disclosed in the forward-looking statements. Various important factors could cause actual results or events to differ materially from the forward-looking statements that Ascendis makes, including the following: dependence on third party manufacturers and distributors to supply TransCon hGH, and other study drug for commercial sales in the U.S. and clinical studies; unforeseen safety or efficacy results in its oncology programs, TransCon hGH, TransCon PTH and TransCon CNP or other development programs; unforeseen expenses related to commercialization of lonapegsomatropin-tcgd in the U.S., the co-pay program, and the further development of TransCon hGH, expenses related to the development and potential commercialization of its oncology programs, TransCon hGH, TransCon PTH and TransCon CNP or other development programs, selling, general and administrative expenses, other research and development expenses and Ascendis’ business generally; delays in the development of its oncology programs, TransCon hGH, TransCon PTH and TransCon CNP or other development programs related to manufacturing, regulatory requirements, speed of patient recruitment or other unforeseen delays; dependence on third party manufacturers to supply study drug for planned clinical studies; Ascendis’ ability to obtain additional funding, if needed, to support its business activities and the effects on its business from the worldwide COVID-19 pandemic. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Ascendis’ business in general, see Ascendis’ Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (SEC) on March 10, 2021 and Ascendis’ other future reports filed with, or submitted to, the SEC. Forward-looking statements do not reflect the potential impact of any future licensing, collaborations, acquisitions, mergers, dispositions, joint ventures, or investments that Ascendis may enter into or make. Ascendis does not assume any obligation to update any forward-looking statements, except as required by law.
Ascendis, Ascendis Pharma, the Ascendis Pharma logo, the Company logo, TransCon, and SKYTROFA are trademarks owned by the Ascendis Pharma Group. © January 2022 Ascendis Pharma A/S.
Investor Contacts: | Media Contact: |
Tim Lee | Melinda Baker |
Ascendis Pharma | Ascendis Pharma |
+1 (650) 374-6343 | +1 (650) 709-8875 |
tle@ascendispharma.com | media@ascendispharma.com |
Patti Bank | |
ICR Westwicke | |
+1 (415) 513-1284 | |
patti.bank@westwicke.com | |
ir@ascendispharma.com |
1 Fourth quarter SKYTROFA prescription figures have not been verified by any third party and represent the Company’s estimates. The Company assumes no obligation to update them.
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