Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Alimera Sciences: Building On Growing European Sales

Published 05/21/2015, 02:35 AM
Updated 07/09/2023, 06:31 AM
ALIM
-

Iluvien set for growth in 2015
Net revenue increased 89% to $3.9m in Q115 as in late February; Alimera Sciences Inc (NASDAQ:ALIM) began US sales of its lead product, Iluvien. The intraocular steroid implant is FDA approved for diabetic macular edema (DME). Iluvien has a duration of three years, giving it an advantage over other intraocular injections for DME. With a market of 21m patients worldwide with DME, Iluvien revenues could dramatically increase this year.

US sales come online
Alimera began the US rollout of Iluvien in late-February 2015 and sales by 31 March were $2.4m. The successful commercialisation in Europe over the past two years has given the company experience and momentum to achieve these strong US opening sales. Augmenting adoption, Alimera has secured reimbursement from 85% of insurance companies.

Building on growing European sales
Commercialisation was initiated in UK and Germany in Q213. Sales in 2013 were $1.9m and grew by $6.5m to $8.4m in 2014. Alimera continues to expand its operations in Europe, securing approval in 17 European countries in the past year. First sales were achieved in Portugal in Q115. The early European success should hasten US adoption as US physicians have had time to observe results during the UK and German rollouts.

Revenue set to rise in 2015
DME is a common problem affecting 21m people worldwide. Approximately 30% of patients who failed laser treatment for DME and received Iluvien improved >15 letters at two years. The glaucoma surgery rate is 4.8%, lower than higher dose steroid implant Retisert (37%). Given these results, it is reasonable to expect Iluvien to penetrate the market in moderate to severe recurrent DME. With the $8,800 implant price tag and $2.4m in the first month of US revenue, Iluvien appears poised for significant future revenue.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

To Read the Entire Report Please Click on the pdf File Below

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.