The Rising Fortunes of TG Therapeutics Stock in Light of Multiple Sclerosis Focus

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TG Therapeutics IncΒ TGTX revealed preliminary BRIUMVI U.S.Β net product sales for Q4 and FY23.

The expected BRIUMVI U.S. net product revenue for Q4 is around $40 million and $89 million for FY23.

The company anticipates a year-end 2023 cash position of about $215 million.

Prospects: TGTX envisions BRIUMVI U.S. net product revenue of $41 million-$46 million in Q1 and $220 million-$260 million for FY24.

The company aims to achieve operating expenses of approximately $250 million in FY24.

In FY24, TGTX plans to commence clinical development of subcutaneous BRIUMVI and initiate a trial evaluating BRIUMVI in autoimmune diseases beyond Multiple Sclerosis (MS).

Additionally, the company plans to commence a trial for evaluating azer-cel in autoimmune disease and present data from the ENHANCE Phase 3b CD20 switch trial at multiple conferences this year.

Yesterday, TGTX entered into a deal withΒ Precision BioSciences, Inc.Β DTIL to acquire a worldwide license to Precision’s Azercabtagene Zapreleucel (azer-cel), an allogeneic CD19 CAR T cell therapy program for autoimmune diseasesΒ and all other non-oncology indications.

As of Q3 FY23, TG Therapeutics’ cash position stood at $229.2 million.

Price Movement: TGTX shares are up 10.52% at $23.22 premarket on the last check Wednesday.

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