Jazz Pharma revenues rise 9% in third quarter
Jazz Pharmaceuticals (Nasdaq: JAZZ) has reported third-quarter revenue of $1 billion, a 9% increase over the prior year, fueled by strong performance in its key sleep and epilepsy portfolios.
Net income reached $215 million, or $3.42 per share, marking a significant rise from $147 million in the same quarter last year. Non-GAAP adjusted earnings rose to $6.61 per share.
The company affirmed its full-year revenue guidance of $4 to $4.1 billion, with the neuroscience segment - led by products such as Xywav (calcium, magnesium, potassium, and sodium oxybates) and Epidiolex (cannabidiol) - expected to contribute $2.8-$2.9 billion.
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