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Eton Pharmaceutcials, Inc. - ETON STOCK NEWS

Welcome to our dedicated page for Eton Pharmaceutcials news (Ticker: ETON), a resource for investors and traders seeking the latest updates and insights on Eton Pharmaceutcials stock.

Eton Pharmaceuticals, Inc. (NASDAQ: ETON) is a Deer Park, Illinois-based specialty pharmaceutical company dedicated to developing and commercializing innovative pharmaceutical products, particularly those aimed at treating rare diseases. The company's mission is to advance healthcare by introducing affordable and accessible medicines to patients in need.

Eton utilizes the U.S. Food and Drug Administration’s (FDA) 505(b)(2) regulatory pathway to develop its products. Currently, Eton has four commercial rare disease products: ALKINDI SPRINKLE® for pediatric adrenocortical insufficiency, Carglumic Acid for hyperammonemia, Betaine Anhydrous for homocystinuria, and Nitisinone for hereditary tyrosinemia type 1 (HT-1). The recent addition of Nitisinone further advances Eton's goal of having ten commercial rare disease products by the end of 2025.

Beyond these, Eton has several promising candidates in late-stage development. These include ET-400, a liquid formulation of hydrocortisone for adrenocortical insufficiency, the ZENEO® hydrocortisone autoinjector for adrenal crisis, and ET-600 for diabetes insipidus. Eton's ET-400 product recently received a new U.S. patent with an expiration date in 2043, and it is expected to significantly complement the existing ALKINDI SPRINKLE product.

Financial Performance and Recent Achievements

  • The company has reported eleven consecutive quarters of growth in product sales and royalty revenue, achieving cash flow break-even ahead of schedule.
  • Third quarter 2023 net revenue reached $7.0 million, marking a 118% increase from the prior year period.
  • Gross profit for the same quarter more than doubled year-over-year, underscoring the company's strong commercial execution.

Eton's strategic acquisitions further bolster its portfolio. The recent acquisition of U.S. rights to PKU GOLIKE® from Relief Therapeutics positions the company to address the needs of patients with phenylketonuria (PKU), a rare metabolic disorder. Eton also aims to leverage its strong relationships within the metabolic community to drive adoption and market penetration for both existing and new products.

Patient Support and Community Initiatives

Eton is committed to supporting patients and their families through initiatives like the Eton Cares program, which provides comprehensive support services including prescription fulfillment, insurance benefits investigation, educational support, and financial assistance for qualified patients. The program aims to make treatments like Nitisinone more accessible to those who need them the most.

Looking Ahead

With a robust pipeline, strategic acquisitions, and a strong financial footing, Eton Pharmaceuticals is well-positioned for continued growth and success. The company's focus on rare diseases and commitment to patient care make it a valuable player in the pharmaceutical industry.

For more detailed information, please visit the company's website at .

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Eton Pharmaceuticals (NASDAQ: ETON) has announced the acquisition of Galzin® (zinc acetate), an FDA-approved maintenance treatment for Wilson Disease. The drug serves an ultra-rare patient population with less than 5,000 patients currently being treated in the United States.

The company plans to begin commercialization in the U.S. during Q1 2025 through its metabolic sales force. Patients will have access to the Eton Cares support program, offering $0 co-pay for qualified commercial patients, prescription fulfillment, insurance benefits investigation, and educational support.

The acquisition also includes European rights to the product, where it's marketed as Wilzin® through a third-party distributor. Eton will continue supplying the product while the third party manages European commercialization. Stifel acted as exclusive financial advisor for the transaction.

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Eton Pharmaceuticals has completed its acquisition of ±õ²Ô³¦°ù±ð±ô±ð³æ® (mecasermin injection) from Ipsen S.A. ±õ²Ô³¦°ù±ð±ô±ð³æ® is a biologic treatment for pediatric patients aged 2+ with severe primary insulin-like growth factor 1 deficiency (SPIGFD). The product is approved in 41 territories, including the US and EU, and is the only FDA/EMA-approved treatment for SPIGFD, serving approximately 200 US patients and 900-1,000 European patients.

The medication is now available in the US through AnovoRx, a specialty pharmacy for rare conditions. The Eton Cares Program offers prescription fulfillment, insurance benefits investigation, and financial assistance, including $0 co-pays for qualifying patients. Outside the US, Ipsen will continue distribution during a six-month transition period before Eton takes over commercialization.

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Eton Pharmaceuticals (ETON) announced compelling results from a clinical trial evaluating PKU GOLIKE for treating phenylketonuria (PKU) during prolonged fasting periods. The randomized, crossover study demonstrated that PKU GOLIKE, when administered as the last daily dose, significantly improved metabolic control compared to standard amino acid protein substitutes.

Key findings showed PKU GOLIKE achieved a 17.8% reduction in blood phenylalanine (Phe) levels and a 33.8% increase in blood tyrosine (Tyr) levels after overnight fasting. In contrast, standard treatments led to a 27.6% increase in Phe levels with no significant Tyr improvement. The study was conducted at Birmingham Children's Hospital, UK, on pediatric patients with classical PKU.

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Eton Pharmaceuticals (Nasdaq: ETON) has appointed Ipek Erdogan-Trinkaus as Chief Commercial Officer. She brings extensive commercial leadership experience in pharmaceuticals, particularly in pediatric endocrinology. At Tolmar Pharmaceuticals, she led the successful launch of FENSOLVI® and served as General Manager of the Pediatric Endocrinology unit. The appointment comes ahead of two significant milestones: the anticipated closing of ±õ²Ô³¦°ù±ð±ô±ð³æ® in late-December and the expected launch of ET-400 in early 2025.

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Eton Pharmaceuticals has acquired U.S. rights to Amglidia (glyburide oral suspension) from AMMTeK for treating neonatal diabetes mellitus. The product, already approved by the European Medicines Agency since 2018, has received Orphan Drug Designation from the FDA. Amglidia is a patented liquid formulation targeting approximately 300 U.S. patients with neonatal diabetes mellitus, for which no FDA-approved oral treatments currently exist. The company plans to meet with FDA in Q1 2025 and aims to submit a New Drug Application in 2026, supported by five years of real-world safety and efficacy data from European patients.

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Eton Pharmaceuticals reported strong Q3 2024 financial results with total revenue of $10.3 million and GAAP Net Income of $0.6 million ($0.02 per share). Product sales increased 40% year-over-year, marking the 15th consecutive quarter of sequential growth. The company generated $2.9 million in operating cash flow and achieved positive quarterly GAAP net income from product sales for the first time. Key highlights include an agreement to acquire Increlex, FDA acceptance of the ET-400 NDA with a PDUFA date of February 28, 2025, and strong growth in ALKINDI SPRINKLE (55% YoY) and Carglumic Acid sales.

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Eton Pharmaceuticals has been granted its second patent (U.S. Patent No. 12,133,914) for ET-400, a proprietary liquid hydrocortisone formulation. The patent, extending protection through 2043, covers the method of using hydrocortisone oral liquid formulations. This follows the first patent received in February 2024, with an additional patent application under review. The FDA has accepted the New Drug Application for ET-400 with a PDUFA target action date of February 28, 2025. If approved, ET-400 would become the only FDA-approved liquid formulation of hydrocortisone.

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Eton Pharmaceuticals (Nasdaq: ETON), a pharmaceutical company focused on rare disease treatments, has scheduled its third quarter 2024 financial results announcement for Tuesday, November 12, 2024. Management will host a conference call and audio webcast at 4:30 p.m. ET to discuss the results. The company will take live questions during the call and answer emailed investor questions sent to investorrelations@etonpharma.com. The webcast will be accessible through Eton's investor relations website and will remain available for 30 days after the event.

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Eton Pharmaceuticals has announced an agreement to acquire ±õ²Ô³¦°ù±ð±ô±ð³æ® (mecasermin injection) from Ipsen S.A. The acquisition, expected to close near year-end 2024, aligns with Eton's mission to develop and distribute medicines for ultra-rare conditions. Increlex is a biologic product used to treat children and adolescents aged 2-18 with severe primary insulin-like growth factor 1 deficiency (SPIGFD).

Key points:

  • Increlex is approved in 40 territories, including the U.S. and EU
  • Approximately 200 patients in the U.S. and 900-1,000 in Europe live with SPIGFD
  • Eton will immediately commercialize the product in the U.S. post-closing
  • Ipsen will continue distribution outside the U.S. for a six-month transition period
  • The transaction will be financed by Eton's cash and an expanded credit facility
  • Ipsen reported global sales for Increlex of €17.3 million in 2023
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Eton Pharmaceuticals (Nasdaq: ETON), a company focused on rare disease treatments, announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference in New York City. The company's CEO, Sean Brynjelsen, will deliver a presentation that will be available on demand starting September 9, 2024, at 7am ET.

Investors can access the presentation online, and those interested in in-person meetings with the company are encouraged to contact H.C. Wainwright's Corporate Access team. This event provides Eton Pharmaceuticals with an opportunity to showcase its innovative approach to developing and commercializing treatments for rare diseases to a global investment audience.

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FAQ

What is the current stock price of Eton Pharmaceutcials (ETON)?

The current stock price of Eton Pharmaceutcials (ETON) is $11.99 as of January 7, 2025.

What is the market cap of Eton Pharmaceutcials (ETON)?

The market cap of Eton Pharmaceutcials (ETON) is approximately 312.5M.

What is Eton Pharmaceuticals' primary focus?

Eton Pharmaceuticals focuses on developing and commercializing treatments for rare diseases.

What are some of the key products Eton Pharmaceuticals currently offers?

Eton offers ALKINDI SPRINKLE®, Carglumic Acid, Betaine Anhydrous, and Nitisinone.

What is the Eton Cares program?

Eton Cares is a support program that provides prescription fulfillment, insurance benefits investigation, educational support, and financial assistance for qualified patients.

What were Eton Pharmaceuticals' financial highlights for the third quarter of 2023?

Eton reported $7.0 million in net revenue, a 118% increase from the prior year period, and achieved its eleventh consecutive quarter of product sales and royalty revenue growth.

What is the significance of Eton's recent acquisition of PKU GOLIKE®?

The acquisition positions Eton to address the needs of PKU patients and leverage its existing relationships within the metabolic community to drive product adoption.

What are the late-stage product candidates in Eton's pipeline?

Eton's late-stage pipeline includes ET-400, ZENEO® hydrocortisone autoinjector, and ET-600.

How does Eton Pharmaceuticals plan to expand its market presence?

Eton aims to reach ten commercial rare disease products by the end of 2025 and continues to explore strategic acquisitions and partnerships.

What recent patents has Eton Pharmaceuticals been granted?

Eton was recently granted a U.S. patent for its ET-400 product, which expires in 2043.

Where is Eton Pharmaceuticals headquartered?

Eton Pharmaceuticals is headquartered in Deer Park, Illinois.

How can investors get in touch with Eton Pharmaceuticals?

Investors can contact Lisa M. Wilson at In-Site Communications, Inc. by emailing lwilson@insitecony.com or calling 212-452-2793.
Eton Pharmaceutcials, Inc.

Nasdaq:ETON

ETON Rankings

ETON Stock Data

312.52M
25.24M
5.39%
33.36%
0.74%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
United States of America
DEER PARK