Amneal Submits Modest Guidance Raise Following Strong Second Quarter

Firm Now Expects To Make An Additional $50m This Year

Amneal now expects an additional $50m in net revenue this year, revising its revenue expectations up to between $2.3bn and $2.4bn following a successful second quarter.

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Amneal Pharmaceuticals, Inc. has made a modest $50m raise to its full-year guidance following a successful second quarter, which saw the firm continue to shift its generics business toward complex products while its bevacizumab biosimilar exceeded expectations. The firm now expects a net revenue of $2.3bn to $2.4bn for 2023.

It has also raised its 2023 adjusted EBITDA guidance range to $525m-$540m, up about $20m from the prior range of $500m-$530m

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