Axsome Therapeutics Reports First Quarter 2024 Financial Results and Provides Business Update
Auvelity net product sales were $53.4 million for the first quarter of 2024, representing 240% year-over-year growth.
- Auvelity net product sales were $53.4 million for the first quarter of 2024, representing 240% year-over-year growth.
- Total cost of revenue was $6.3 million for the first quarter of 2024.
- Research and development (R&D) expenses were $36.8 million for the first quarter of 2024, compared to $17.8 million for the comparable period in 2023, respectively.
- Approximately 95,000 prescriptions were written for Auvelity in the first quarter of 2024, representing a 12% sequential increase versus the fourth quarter of 2023.