TG Therapeutics' Shares Rise on 4Q Swing to Profit, Outlook Tops Estimates

Dow Jones
04 Mar

By Katherine Hamilton

Shares of TG Therapeutics shares rose after it swung to a profit in the fourth quarter.

The stock climbed 17% to $35.27 in midday trading on Monday. Shares have almost doubled in the past year.

The biopharmaceutical posted a profit of $23.3 million, or 15 cents a share, compared with a loss of $14.4 million, or 10 cents a share, the prior year.

Revenue more than doubled to $108.2 million. Analysts polled by FactSet expected $100.7 million.

Annual revenue from its Briumvi product, a B-cell therapy for people with multiple sclerosis, more than tripled year over year.

In 2025, TG expects global revenue to be $540 million, ahead of analysts' expectations of $534.4 million.

TG also said Monday that new data from Phase 3 trials of Briumvi showed 92% of patients did not have MS progression after five years of treatment.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

March 03, 2025 12:13 ET (17:13 GMT)

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