Cosmo Pharmaceuticals : First milestone payment received from Medtronic, 2024 guidance confirmed
>First milestone payment from Medtronic received in February - Cosmo made a good start to the first half of the year for which the base of comparison was demanding. H1 revenues came to € 136m (vs € 43.7m last year) boosted by the $ 100m payment received from Medtronic in February. Growth was also driven by the revenues generated by Lialda and Cortiment as well as the two most recent launches Winlevi and GI Genius. However, comments on the royalties received from GI Ge...Cosmo Pharmaceuticals N.V. is a specialty pharmaceutical company. The Company develops therapies for gastrointestinal disorders. The Company's clinical development pipeline specifically addresses treatments for inflammatory bowel diseases, colorectal cancer diagnosis and colonoscopy. It has developed a medical device for polyp excision and is developing a product for the detection of colon cancer. Its pipeline includes Lialda/Mezavant/Mesavancol, which is indicated for mild to moderate ulcerative colitis; Uceris/Cortiment, which is indicated for mild to moderate ulcerative colitis; Zacol NMX, which is indicated for intestinal disorders; Rifamycin SV MMX, which is indicated for Travelers' Diarrhea and uncomplicated diverticulitis, among others; CB-17-01, which is indicated for chromoendoscopy for colorectal cancer prevention in surveillance patients; CB-17-04, which is a sub mucosal injectable composition, and CB-01-12, which is an antibody anti-tumor necrosis factor (TNF) alpha drug.
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