Evoke Pharma Inc. Reports 77% Increase in Q1 2025 Net Product Sales to $3.1 Million; Operating Expenses Rise to $4.4 Million

Reuters
14 May
<a href="https://laohu8.com/S/EVOK">Evoke Pharma Inc.</a> Reports 77% Increase in Q1 2025 Net Product Sales to $3.1 Million; Operating Expenses Rise to $4.4 Million

Evoke Pharma Inc. reported a significant increase in net product sales for the first quarter of 2025, achieving a 77% year-over-year rise to $3.1 million. The growth is attributed to the sustained momentum driven by growing prescriber adoption and repeat patient use of GIMOTI®, the company's treatment for gastrointestinal disorders. The company also experienced a rise in operating expenses, with selling, general, and administrative expenses reaching approximately $4.3 million, compared to $3.1 million in the same quarter of the previous year, due to higher professional fees and increased reimbursement and profit-sharing activities with EVERSANA. Evoke Pharma reiterated its 2025 net product sales guidance of approximately $16 million, reflecting a projected 60% increase over 2024. The company's financial outlook is based on its current business performance, including recent growth in net product sales and assumptions about reimbursements and prescription fills. Factors outside of Evoke's control, such as global macroeconomic conditions and supply chain constraints, are also considered in their projections. In terms of corporate governance, Evoke Pharma appointed Greg Pyszczymuka to its Board of Directors, bringing his extensive experience in commercial strategy and revenue growth to aid in advancing the company's market position. Additionally, GIMOTI demonstrated strong momentum in the first quarter, with a 73% year-over-year increase in fill rate and a 44% increase in the total prescriber base, reflecting expanded interest and engagement among healthcare providers. As of March 31, 2025, the company had cash and cash equivalents of approximately $12.6 million, which is expected to fund operations into the second quarter of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evoke Pharma Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-070371), on May 13, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10