Amicus Therapeutics, Inc. (OQ:FOLD)

Business Focus: Biotechnology & Medical Research

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
See Regulatory Filings on SEC
Company Contact
Address: 3675 Market Street
PHILADELPHIA PA 19104
Tel: N/A
Website: https://www.amicusrx.com
IR: See website
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Key People
Bradley Lewis Campbell
President, Chief Executive Officer, Director
Simon N.R. Harford
Chief Financial Officer
Samantha Whiteman Prout
Chief Accounting Officer, Controller
Jeffrey P. Castelli
Chief Development Officer
David M. Clark
Chief People Officer
Ellen S. Rosenberg
Chief Legal Officer, Corporate Secretary
Business Overview
Amicus Therapeutics, Inc. is a biotechnology company, which is focused on discovering, developing, and delivering novel medicines for rare diseases. Its two marketed therapies are Galafold, the first oral monotherapy for people living with Fabry disease who have amenable genetic variants, and Pombiliti + Opfolda, a novel treatment designed to improve uptake of active enzyme into key disease relevant tissues for adults living with late-onset Pompe disease. As an orally administered monotherapy, Galafold is designed to bind to and stabilize an endogenous alpha-galactosidase A (alpha-Gal A) enzyme in those patients with genetic variants identified as amenable in a Good Laboratory Practice (GLP) cell-based amenability assay. Pombiliti + Opfolda consists of a uniquely engineered rhGAA enzyme, cipaglucosidase alfa-atga, with an optimized carbohydrate structure to enhance lysosomal uptake, administered in combination with miglustat that functions as an enzyme stabilizer.
Financial Overview
For the fiscal year ended 31 December 2023, Amicus Therapeutics, Inc. revenues increased 21% to $399.4M. Net loss decreased 36% to $151.6M. Revenues reflect Ex-US segment increase of 18% to $252.4M, U.S segment increase of 27% to $146.9M. Lower net loss reflects Research and development - Balancing val decrease of 48% to $130.9M (expense), Loss on impairment of assets decrease of 83% to $1.1M (expense).
Employees: 517 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $3,236M as of Dec 31, 2023
Annual revenue (TTM): $399.36M as of Dec 31, 2023
EBITDA (TTM): -$68.20M as of Dec 31, 2023
Net annual income (TTM): -$151.58M as of Dec 31, 2023
Free cash flow (TTM): -$76.53M as of Dec 31, 2023
Net Debt Last Fiscal Year: $101.66M as of Dec 31, 2023
Shares outstanding: 295,382,614 as of Feb 13, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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