Apellis Pharmaceuticals (Nasdaq: APLS) reported Q2 2025 financial results, highlighting significant achievements including FDA approval of EMPAVELI for C3G and IC-MPGN treatment. The company generated $178.5 million in total revenue, with SYFOVRE contributing $150.6 million in U.S. net product sales.
Key developments include a $300 million royalty purchase agreement with Sobi for 90% of ex-U.S. EMPAVELI royalties and continued market leadership of SYFOVRE in GA treatment with 60% market share. The company reported a net loss of $42.2 million and cash position of $370 million, which combined with expected revenues and Sobi agreement funds, is anticipated to sustain operations until profitability.
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