Karyopharm Therapeutics Expects Q4 Revenues Of $30 Mln

Karyopharm Therapeutics

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(RTTNews) - Karyopharm Therapeutics Inc. (KPTI), Monday announced preliminary fourth-quarter and full-year 2024 total revenue and U.S. XPOVIO net product revenue estimates.

The company expects total revenue, which includes license and royalty revenue from partners, to be about $30 million for the fourth quarter 2024 and around $145 million for the full year 2024.

The U.S. XPOVIO net product revenue to be about $29 million for the fourth quarter 2024 and around $113 million for the full year 2024.

The company also announced the appointment of Lori Macomber as Executive Vice President, Chief Financial Officer and Treasurer, effective January 3, 2025.

"Our top strategic objective for 2025 is to deliver on the transformative opportunity to redefine the standard of care in myelofibrosis, with top-line results from our Phase 3 SENTRY trial on-track for the second half of this year. Our teams are focused on high-quality clinical trial execution, engaging with investigators and diligently completing enrollment in the first half of this year," said Richard Paulson, President and Chief Executive Officer of Karyopharm. "We are excited by the potential for selinexor to be the first all-oral combination therapy in myelofibrosis and the benefit it may bring to this community. We look forward to reporting our top-line data and are preparing for a rapid launch, leveraging our demonstrated commercialization capabilities."