Apellis reports Q1 EPS (54c), consensus (52c)

Reports Q1 revenue $172.325M, consensus $163.35M. “We made excellent progress against our strategic priorities during the quarter, including bringing SYFOVRE to more patients in the U.S., advancing EMPAVELI within multiple high unmet need areas, and progressing our earlier-stage pipeline,” said Cedric Francois, M.D., Ph.D., co-founder and chief executive officer of Apellis. Dr. Francois continued, “SYFOVRE performance continues to exceed expectations in the U.S., with 20% revenue growth in the first quarter, and we are working closely with the EU regulators towards our goal of bringing pegcetacoplan to the GA community in Europe. EMPAVELI continues to elevate the standard of care in PNH, and we are excited about the upcoming topline readout from our Phase 3 VALIANT trial with EMPAVELI for C3G and IC-MPGN. With two commercial products and an emerging pipeline, we are making tremendous progress on our vision to develop life-changing medicines for people living with some of the most challenging diseases.”