Blueprint Medicines Corporation (BPMC) stock is soaring 5.06% in pre-market trading on Thursday following the release of its first-quarter 2025 financial results, which exceeded analyst expectations. The biopharmaceutical company, known for its precision therapy AYVAKIT/AYVAKYT, reported strong revenue growth and raised its full-year guidance.
The company reported a surprise profit of $0.01 per share for Q1 2025, beating the FactSet consensus estimate of a $0.49 loss per share. This marks a significant improvement from the $1.32 loss per share reported in the same quarter last year. Blueprint Medicines' total revenue for the quarter reached $149.4 million, primarily driven by AYVAKIT/AYVAKYT net product sales, representing a 61% year-over-year increase.
In light of the strong performance, Blueprint Medicines has raised its full-year 2025 guidance for AYVAKIT/AYVAKYT net product revenues to $700-$720 million, up from its previous forecast. The company attributes this growth to increasing adoption of AYVAKIT/AYVAKYT in systemic mastocytosis and expects to achieve $2 billion in global net product revenues for the drug by 2030. Additionally, Blueprint Medicines reported a one-time net gain of $50 million from the sale of its equity investment in IDRx, Inc., further strengthening its financial position.
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