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Despite New Launches, Teligent Sees A Disappointing Q4

Company Cuts First-Quarter Projections Due To COVID-19

 
• By Akriti Seth

Amid poor quarterly results, Teligent continues to focus on resolving a warning letter from the FDA, passing a pre-approval inspection of its new injectables manufacturing facility in Buena, New Jersey and managing cash flow under its new CEO.

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Teligent sees a drop in sales • Source: Shutterstock

Despite four new launches in both the US and Canada in 2019, Teligent has reported turnover that fell by 5% to $16m in the fourth quarter. The company said that the decrease was driven primarily by “a decline in both US contract manufacturing and international injectable revenues, partially offset by a 24% increase in US Teligent-label topical revenues.”

However, on an annual basis sales in 2019 remained flat at $65.9m, “although the mix of where revenues originated changed year to year,” with a 31% – or $11

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