Release Date: November 13, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: What are your expectations for gross to net adjustments now that you've made your way through some of the negotiation processes? A: Richard Lowenthal, President and CEO, stated that they expect NEPHI to have a gross to net similar to other NC type products, around the 50% range, and they believe they are still on target to achieve that.
Q: Can you provide any guidance for what we may expect in the fourth quarter? A: Richard Lowenthal mentioned that they have not released any guidance on internal forecasts but are optimistic about sales in the first 6-7 weeks. Sales have started to accelerate, and they believe they will not disappoint in the future.
Q: How should we think about the contribution of inventory stocking either in the third quarter or in the fourth quarter? A: Richard Lowenthal explained that the initial inventory stocking was smaller than expected due to distributors' reluctance to take on too much inventory early. However, they see this correcting quickly.
Q: What does the current cash price versus co-pay split look like this early into the launch? A: Eric Karas, Chief Commercial Officer, noted that cash redemption is slightly higher than expected. About a third of patients are covered without additional paperwork, and there's a 50-55% success rate with prior authorizations. If not covered, they offer a cash price.
Q: Can you talk about the types of patients that are early adopters or users of NEPHI? A: Eric Karas stated that they are seeing patients with current needle injectors opting for NEPHI due to its ease of use. Parents of children with food allergies are early adopters, and some patients without previous epinephrine prescriptions are also being prescribed NEPHI.
Q: Are you seeing bulk orders from first responders, airlines, etc., or are you still in discussions? A: Eric Karas mentioned significant interest from companies that supply emergency kits to airlines and public buildings. Discussions are ongoing, and they expect movement on this in the first quarter.
Q: How are doctors responding to NEPHI, and are they ready to prescribe it? A: Richard Lowenthal noted a shift in doctors' willingness to prescribe NEPHI, especially after the American College meeting. The reluctance is dissipating as doctors understand the benefits and data supporting NEPHI.
Q: Does the extra cash from the A LK deal allow you to accelerate plans or increase investment in the launch? A: Richard Lowenthal confirmed that the cash infusion allows them to accelerate launch plans and direct-to-consumer approaches, moving things ahead by many months.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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