Jazz Pharmaceuticals: Q3 Results, Pipeline Cleanup, And An Unhappy FTC

Summary

  • Jazz Pharmaceuticals reported solid Q3 results and raised the full-year guidance by $50 million at the midpoint.
  • Xywav is overtaking Xyrem as the company's top-selling product, thanks in part to a strong launch in idiopathic hypersomnia.
  • Discontinuation of nabiximols is a small setback for the company and the first disappointment from the GW Pharma acquisition.
  • FTC is not happy with Xyrem's REMS patent that prevents Avadel's Lumryz from entering the market prior to June 2023.
  • Rapid deleveraging brings Jazz to a much better financial position.
  • Looking for a helping hand in the market? Members of Growth Stock Forum get exclusive ideas and guidance to navigate any climate. Learn More »
Q2 - 3rd Quarter Period write on sticky notes isolated on Office Desk. Stock market concept

syahrir maulana

The last few weeks have been interesting for Jazz Pharmaceuticals (NASDAQ:JAZZ). The company paid $50 million upfront for the option on Zymeworks’ (ZYME) zanidatamab in late October, it reported Q3 results in early November and the

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