Debt Restructuring and Financial Flexibility
Omeros announced an exchange agreement reducing their outstanding debt by $10 million and lowering near-term repayment obligations by over $100 million, extending debt maturity to 2029. This improves financial flexibility and strengthens the balance sheet.
Narsoplimab Approval Progress
FDA accepted the resubmitted BLA for narsoplimab for TA-TMA, assigning a target action date of September 25th. Narsoplimab is positioned as the first approved treatment for TA-TMA and represents a nearly $1 billion annual market opportunity.
Strong Market Potential for Zalutenibart
The ongoing clinical trial for zaltenibart in PNH indicates potential for significant market share in a growing PNH treatment market, projected to be over $10 billion by 2032.
OMIDRIA Royalties
OMIDRIA royalties for the first quarter totaled $6.7 million based on net sales of $22.3 million, highlighting ongoing revenue from this product.