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Portola's Rocky Commercial Transition On Show In Q2, With No CEO

 
• By Emily Hayes

Company reported only $33,000 in sales for late anticoagulant market entrant Bevyxxa and $2.2m for the antidote Andexxa, leaving a lot of challenges ahead after the retirement of CEO Bill Lis, effective Aug. 1.

earnings report

Portola Pharmaceuticals Inc.'s difficulty in transitioning into a commercial biopharma was evident in the second quarter, when it reported very disappointing sales for its first launched product – the novel anticoagulant Bevyxxa – amid the exit of CEO William "Bill" Lis.

On Aug. 9, Portola reported second quarter sales of only $33,000 for Bevyxxa (betrixaban), which launched in the US in...

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