Halozyme Therapeutics Inc (HALO)

[maumar]

ATRS 10-Q quarterly report out. No press release.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1016169/000101616922000044/atrs-20220331.htm

"Product Revenue, Net
Net revenue from product sales for the three months ended March 31, 2022 increased 10.2% over the same period in the prior year primarily driven by higher shipments of sumatriptan, epinephrine and teriparatide auto injectors to Teva and an increase in XYOSTED® proprietary product sales. The overall increase was partially offset by a reduction in OTREXUP® proprietary sales due to the sale of the OTREXUP® product line to Otter in December 2021.
Sales of our proprietary products XYOSTED® and NOCDURNA® (and OTREXUP® during the three months ended March 31, 2021) are presented net of estimated product returns and sales allowances. FDA approval was granted on March 28, 2022 to commercialize TLANDO® with no sales transacted in the three months ended March 31, 2022 prior to timing of the approval. The decreases in proprietary product sales of 7.8% for the three months ended March 31, 2022 was primarily attributable to a reduction in OTREXUP® proprietary sales due to the sale of the OTREXUP® product line to Otter in December 2021 which is now commercialized by Otter, partially offset by continued growth in prescriptions and sales of XYOSTED® and NOCDURNA®.
We also manufacture and sell devices, components and fully assembled and packaged product to our partners. Partnered product sales increased 42.5% for the three months ended March 31, 2022 primarily due to higher shipments of sumatriptan, epinephrine and teriparatide auto injectors to Teva.
Licensing and Development Revenue
Licensing and development revenues include license fees received from partners for the right to use our intellectual property and amounts earned in joint development arrangements with partners under which we perform joint development activities or develop new products on their behalf. Licensing and development revenue decreased 15.9% for the three months ended March 31, 2022 primarily as a result of fluctuations in timing of the various stages and phases of development activities, along with a decline in development activities with Pfizer.
Royalties
Royalty revenue decreased 33.9% for the three months ended March 31, 2022, principally driven by a reduction in royalties from Teva on its net sales of generic EpiPens®, partially offset by higher royalties from Covis on its net sales of Makena®."