Login

AVEO PHARMACEUTICALS, INC.

aveooncology.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 7, 2022. Its latest SEC filing is a 15-12G from Jan 30, 2023.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Sells FOTIVDA, a treatment for advanced kidney cancer, to specialty pharmacies and distributors, and develops other cancer drug candidates.

How Did They Make Money?

AVEO sells FOTIVDA to specialty pharmacies and distributors, with product sales counted when the medicine is delivered. Partnerships can bring license and option fees, research funding, milestone payments and royalties on partner product sales.

FY2021 revenue by product or service revenue
SegmentShareRevenue
FOTIVDA U.S. product revenue, net
Sold outright

92%
Partnership licensing and royalty revenue
Licensed
8.1%
FY2018: 8.5%

Who Were Their Customers?

AVEO sells FOTIVDA through specialty pharmacies and specialty distributors, which resell it to health care providers and patients.

Did Revenues Turn Into Profits?

No. It lost $53.3M in FY2021.

Operating income, FY2021
−117% of revenue
▲ +27% (Loss) vs FY2020 (−$38.9M, −646%)
Net income, FY2021
−126% of revenue
▲ +50% (Loss) vs FY2020 (−$35.6M, −591%)
Free cash flow, FY2021
−135% of revenue
▲ +49% (Loss) vs FY2020 (−$38.3M, −637%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q3 FY2022, the three months to Sep 30, 2022
Revenue
▲ +101%
vs $15.2M in Q3 FY2021
Net income
▼ −68% (Loss)
vs −$10.4M in Q3 FY2021
FOTIVDA U.S. product revenue, net share of revenue vs 94.4% in Q3 FY2021
  • Jan 19, 2023 LG Chem completed its acquisition of AVEO AVEO became an indirect wholly owned subsidiary of LG Chem and requested Nasdaq suspension of trading and delisting of its shares.

Grew. Revenue grew 5.6x in 4 years, from $7.6M in FY2017 to $42.3M in FY2021, about 54% a year.

From development to U.S. sales The older report framed tivozanib as a candidate AVEO was seeking to develop and commercialize in North America; the latest describes FOTIVDA as a marketed U.S. product alongside continued development of tivozanib and other candidates.

Revenue over time
FOTIVDA U.S. product revenue, net Partnership licensing and royalty revenue Collaboration and Licensing Revenue
$50M$25M$0

Who Did They Compete With?

Competes with Exelixis, Novartis, Pfizer, BMS, Eisai, NGM Biopharmaceuticals, CatalYm, Daiichi Sankyo, Amgen, Elevation Oncology, Merus, AstraZeneca, Celldex Therapeutics, Sihuan Pharmaceutical Holdings Group, and Roche

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support