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Q2 Earnings Round-Up Part 2: Launches, Growth Still Face Challenges

 
• By Alaric DeArment and Jessica Merrill

The pandemic created a tough environment for sales of both newly launched products and growing products, especially for small-to-medium enterprises. Scrip reviewed the second quarter earnings calls for several SMEs: some are continuing to feel pressure, and some are starting to recover. [See Part 1 for companies reporting a turnaround.]

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Some companies have seen growth return from the pandemic's darkest days, but others face continued challenges • Source: Shutterstock

Neurocrine Biosciences, Inc.sees potential headwinds in the second half of 2021 as clinics implement restrictions due to the spread of the Delta variant of SARS-CoV-2, despite sales of the tardive dyskinesia drug Ingrezza (valbenazine) beating investors’ consensus during the second quarter.

The San Diego-based company reported 3 August that sales of the drug were $265m, with prescription volume reaching 48,900. Although the company’s reported $266.8m product sales fell just shy of...

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