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Tuesday, August 8, 2023

Amphastar: Factors in sales increases in June Q

Changes in net revenues as compared to the second quarter of the prior year were primarily driven by:

  • Glucagon sales increased primarily due to an increase in unit volumes, as a result of two suppliers discontinuing their glucagon injection products at the end of 2022

  • Phytonadione sales increased due to increased unit volumes, as a result of supplier shortages

  • Primatene MIST® sales decreased due to a decrease in unit volumes, as a result of inventory drawdowns by retailers

  • The decrease in sales of epinephrine and lidocaine was primarily due to a decrease in unit volumes, as a result of suppliers returning to their historical distribution levels

  • The decrease in sales of enoxaparin and naloxone was primarily due to a decrease in unit volumes

  • Other finished pharmaceutical product sales increased primarily due to:

    • An increase in unit volumes for dextrose, atropine, calcium chloride, and sodium bicarbonate, due to increasing demand caused by supplier shortages

    • A full quarter of sales for ganirelix and vasopressin, which were launched in June 2022 and August 2022, respectively

    • Launch of regadenoson in April 2023

  • Active Pharmaceutical ingredient ("API") sales increased primarily due to the timing of customer purchases

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