Neuren Pharmaceuticals Partner Posts 97% Surge in Rett Syndrome Drug Sales in 2024; Neuren Shares Up 8%

MT Newswires Live

02-27

Neuren Pharmaceuticals (ASX:NEU) said its partner Acadia Pharmaceuticals reported 2024 net sales of $348.4 million in the US for its Rett syndrome drug, Daybue, according to a Thursday Australian bourse filing.

The figure represents a 97% increase from 2023 and is close to the top end of Acadia's guidance of $340 million to $350 million, the filing said.

Acadia, the company's partner for the development and commercialization of the drug, provided a 2025 guidance of between $380 million and $340 million for the US market.

The company expects royalties of AU$56.2 million for 2024 and between AU$62 million and AU$67 million for 2025.

The company's shares rose 8% in recent Thursday trade.

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