Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET

Company Participants

Peter Vozzo – Investor Relations-ICR Healthcare
Jack Khattar – Chief Executive Officer
Tim Dec – Chief Financial Officer

Conference Call Participants

Andrew Tsai – Jefferies
Stacy Ku – TD Cowen
David Amsellem – Piper Sandler

Operator

Good afternoon, and welcome to Supernus Pharmaceuticals Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. Instructions will follow at that time. As a reminder, this conference call is being recorded.

I would now like to turn the conference over to Peter Vozzo of ICR Healthcare, Investor Relations representative of Supernus Pharmaceutical. You may now begin.

Peter Vozzo

Thank you, Marvin. Good afternoon, everyone, and thank you for joining us today for Supernus Pharmaceuticals' third quarter 2024 financial results conference call. Today, after the close of the market, the company issued a press release announcing these results. On the call with me today are Supernus' Chief Executive Officer, Jack Khattar; and Chief Financial Officer, Tim Dec. Today's call is being made available via the Investor Relations section of the company's website at ir.supernus.com. During the course of this call, the management may make certain forward-looking statements regarding future events and the company's future performance. These forward-looking statements reflect Supernus' current perspective on existing trends and information.

Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those noted in the Risk Factors section of the company's latest SEC filings. Actual results may differ materially from those projected in these forward-looking statements. For the benefit of those of you who may be listening to the replay, this call is being held and recorded on November 04, 2024. Since then, the company may have made additional announcements related to the topics discussed. Please reference the company's most recent press releases and current filings with the SEC. Supernus declines any obligation to update these forward-looking statements, except as required by applicable securities laws.

I'll now turn the call over to Jack.

Jack Khattar

Thank you, Peter, Good afternoon everyone and thanks for taking the time to join us on today's call. The third quarter of 2024 was characterized by strong performance from the company's key growth drivers Qelbree and GOCOVRI, significant operating earnings growth and advancement of our product pipeline. Total revenues excluding for Trokendi XR and Oxtellar XR increased 26% in the third quarter. Driving this growth was Qelbree's robust performance with 19% growth in prescriptions as reported by IQVIA and 68% growth in net sales. Prescriptions reached another all time quarterly high of 194,000 and net sales were $62 million, representing an approximate annualized run rate of $250 million.