)

Calliditas Therapeutics (CALTX) investor relations material
Calliditas Therapeutics Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2024 delivered record net product revenues, with Tarpeyo reaching $46.3M and the Nefecon franchise at $53M, driven by strong demand and category leadership in IgAN.
Achieved operational profitability, excluding SEK 101.7M in one-time costs related to the Asahi Kasei offer and incentive programs.
Board recommended a public cash offer from Asahi Kasei at SEK 208/share, valuing the company at SEK 1.2B, with 45% of shareholders agreeing to tender and the acceptance period running through August 30, 2024.
Positive clinical data reported for setanaxib in head and neck cancer and PBC, with new patent protection in cancer through 2039.
Full approval of Kinpeygo in Europe and commercial launch of Nefecon in China triggered milestone payments and expanded market access.
Financial highlights
Q2 2024 net revenues were SEK 559.8M, up from SEK 269.4M year-over-year, with Tarpeyo net product sales up 90% to $46.3M.
Partnership revenues reached SEK 66.4M, up from SEK 10.1M year-over-year, driven by royalties and product shipments.
Adjusted operating profit was SEK 70.2M, excluding SEK 101.7M in offer- and incentive-related costs; reported operating loss was SEK 31.5M.
Cash position at quarter-end was SEK 797.3M, with cash burn of SEK 7M and near cash-neutral operations.
Loss per share improved to SEK 0.88 in Q2 2024 from SEK 1.71 in Q2 2023.
Outlook and guidance
Full-year 2024 revenue guidance raised to $165M–$185M for the Nefecon franchise, reflecting strong demand and expanded access.
Expectation of continued operating profitability for the remainder of the year, excluding deal-related costs.
KDIGO guideline updates in 2H 2024 anticipated to further drive Tarpeyo adoption.
EUR 10M milestone payment expected in Q3 from Kinpeygo full approval in Europe.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage