Assertio up on raising full-year 2022 net product sales forecast

Assertio Holdings

05/12/2022 13:21

** Shares of specialty pharma co Assertio Holdings Inc
 ASRT.O  up 2.9% at $3.2 premarket
    ** Co raises its full-year 2022 forecast for net product
sales to over $152 mln, up from prior guidance of over $141 mln 
    ** ASRT says it noted net product sales to date in Q4 have
significantly exceeded its prior expectations; co in November
posted a 32% y-o-y rise in Q3 net product sales
    ** Drugmaker posted Q3 revenue of $34.2 mln above analysts'
expectations of $31.3 mln for the quarter - Refinitiv IBES 
    ** As of last close, ASRT up 40.4% YTD
 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))