TGTX Announces 2024 Preliminary Results, 2025 Goals, Shares Rise

TG Therapeutics TGTX announced preliminary net product revenues for the fourth quarter and full-year 2024 for its marketed drug, Briumvi (ublituximab-xiiy), which exceeded the company’s initial expectations.TGTX also provided its guidance for 2025 and outlined some expected milestones related to Briumvi label expansion studies and other pipeline candidates for 2025.Briumvi is approved for the treatment of certain adult patients with relapsing forms of multiple sclerosis (RMS).In the past year, shares of TG Therapeutics have rallied 96.2% against the industry’s decline of 14.8%.Image Source: Zacks Investment ResearchTGTX's Preliminary Results for 2024Preliminary net product revenues from Briumvi sales were $103.6 million in the fourth quarter and $310 million in full-year 2024.Full-year preliminary Briumvi sales exceeded the guidance of $300-$305 million, provided with the third-quarter 2024 earnings release in November.Shares of the company were up 7.5% following the news announcement on Jan. 14 as this seemed to impress investors.TG Therapeutics had cash worth $310 million at the end of 2024.TGTX's 2025 Guidance & Pipeline GoalsThe company expects to record worldwide revenues of around $540 million in 2025, including net product revenues of approximately $525 million from Briumvi sales in the United States.TGTX also expects operating expenses of around $300 million for 2025.TG Therapeutics is developing a self-administered subcutaneous formulation of Briumvi for treating patients with RMS. A pivotal program on the same is expected to begin in 2025.The FDA cleared the investigational new drug application (IND) for TGTX’s other pipeline candidate, azercabtagene zapreleucel (azer-cel), for the treatment of progressive forms of multiple sclerosis (MS) in August 2024.Enrollment of participants in the phase I study on azer-cel in progressive MS is anticipated to begin in 2025.TGTX's Zacks Rank & Stocks to ConsiderTG Therapeutics currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the biotech sector are Voyager Therapeutics, Inc. VYGR, CytomX Therapeutics, Inc. CTMX and Castle Biosciences, Inc. CSTL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.In the past 60 days, estimates for Voyager Therapeutics’ loss per share have narrowed from $1.72 to $1.48 for 2025. In the past year, shares of VYGR have plunged 33%.VYGR’s earnings beat estimates in each of the trailing four quarters, the average surprise being 120.87%.In the past 60 days, estimates for CytomX Therapeutics’ loss per share have narrowed from 46 cents to 35 cents for 2025. In the past year, shares of CTMX have plunged 49.5%.CTMX’s earnings beat estimates in two of the trailing four quarters while missing the same on the remaining two occasions, the average surprise being 115.70%.In the past 60 days, estimates for Castle Biosciences’ loss per share have narrowed from $1.88 to $1.84 for 2025. In the past year, shares of CSTL have surged 31.5%.CSTL’s earnings beat estimates in each of the trailing four quarters, the average surprise being 172.72%.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TG Therapeutics, Inc. (TGTX): Free Stock Analysis Report Voyager Therapeutics, Inc. (VYGR): Free Stock Analysis Report CytomX Therapeutics, Inc. (CTMX): Free Stock Analysis Report Castle Biosciences, Inc. (CSTL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks