Camurus Q2: Buvidal recovered, Brixadi grows
Camurus reported its Q2 2024 results which came in slightly below market expectations, as i) total revenues came in at SEK 445m (vs css SEK 450.2m, -1.16%), ii) profit before tax came in at SEK 104m (vs css 113.3m, -8.23%), with a cash position at SEK 2.567bn. We are encouraged to see that BuvidalCamurus AB is a Sweden-based research and development based pharmaceutical company with a focus on the development and commercialization of specialty medicines, providing patients suffering from serious and chronic disease, such as opioid dependence, pain, cancer, acromegaly, and neuroendocrine tumors. The Company has a diversified research portfolio, which includes five products in clinical trials, and a number of additional product candidates in the pre-clinical phase. The Company's product pipeline represents a mix of in-house and partnered projects in different development phases. Camurus AB is the parent company of the Group, which comprises four legal entities, namely Camurus Inc, Cubosome Inc, Camurus Development AB and Bioimplant Scandinavia AB.
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