TG Therapeutics Reports Preliminary 2023 BRIUMVI Revenue of $89 Million
TG Therapeutics preliminarily reported unaudited U.S. BRIUMVI net product revenue of approximately $40 million for the fourth quarter of 2023 and $89 million for the full year, with a year-end 2023 cash position of approximately $215 million. It also set 2024 targets of $220 million to $260 million in full-year BRIUMVI revenue and about $250 million in operating expense, and disclosed a January 7, 2024 license for azer-cel from Precision BioSciences. The filing does not give prior-period comparisons, so the figures alone do not show whether results improved.
- Preliminary U.S. BRIUMVI net product revenue of approximately $40 million for Q4 2023 and $89 million for full year 2023, unaudited
- 2024 targets: $41 million to $46 million for Q1 BRIUMVI revenue and $220 million to $260 million for full year; full-year operating expense of approximately $250 million
- Azer-cel license with Precision BioSciences dated January 7, 2024: $7.5 million upfront and up to $288 million in additional milestone payments, plus royalties