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Global Blood Therapeutics, Inc.

gbt.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Aug 8, 2022. Its latest SEC filing is a SC 13G/A from Feb 14, 2023.

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

What Did They Do?

Sells Oxbryta and develops other medicines for people with sickle cell disease.

How Did They Make Money?

Sells Oxbryta to specialty pharmacies and a specialty distributor, with payment terms typically 30-60 days after delivery.

FY2021 revenue

Who Were Their Customers?

U.S. sales go to specialty pharmacies and a specialty distributor, which dispense Oxbryta to patients or resell it to hospitals and certain pharmacies. Outside the U.S., the company uses a distribution partner in the Middle East and was building sales teams in Europe.

Did Revenues Turn Into Profits?

No. It lost $303.1M in FY2021.

Operating income, FY2021
−148% of revenue
▲ +18% (Loss) vs FY2020 (−$243.2M, −196%)
Net income, FY2021
−156% of revenue
▲ +22% (Loss) vs FY2020 (−$247.6M, −200%)
Free cash flow, FY2021
−134% of revenue
▲ +18% (Loss) vs FY2020 (−$220.6M, −178%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q2 FY2022, the three months to Jun 30, 2022
Revenue
▲ +50%
vs $47.6M in Q2 FY2021
Net income
▲ +19% (Loss)
vs −$69.6M in Q2 FY2021
  • Oct 5, 2022 Pfizer completed its acquisition of Global Blood Therapeutics GBT became a Pfizer subsidiary; shareholders received $68.50 in cash per share.
  • Aug 8, 2022 Pfizer agreed to acquire Global Blood Therapeutics The agreement set cash consideration of $68.50 per share.

From clinical candidate to marketed medicine The older report described voxelotor as a product candidate in clinical trials; the latest report describes Oxbryta as an approved medicine sold in the United States.

Who Did They Compete With?

Competes with Medunik USA, Bristol-Myers Squibb, Emmaus Medical, Novartis Pharmaceuticals, Forma Therapeutics, Agios Pharmaceuticals, Fulcrum Therapeutics, and bluebird bio

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