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Myovant Sciences Ltd.

myovant.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Jan 26, 2023. Its latest SEC filing is a 15-12G from Mar 20, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Sells oral medicines for men with advanced prostate cancer and women with heavy menstrual bleeding associated with uterine fibroids.

How Did They Make Money?

In the U.S., wholesale and specialty distribution and pharmacy customers pay for products when they are delivered. Partners also provide upfront and milestone payments under license and collaboration deals, and Myovant earns royalties on partner product sales.

FY2022 revenue

Who Were Their Customers?

In the U.S., wholesale and specialty distributors and pharmacies buy products for resale to healthcare providers and patients. Commercialization partners handle sales in Europe and other international markets.

Did Revenues Turn Into Profits?

No. It lost $206M in FY2022.

Operating income, FY2022
−81% of revenue
▼ −28% (Loss) vs FY2021 (−$260.8M, −440%)
Net income, FY2022
−89% of revenue
▼ −19% (Loss) vs FY2021 (−$255.1M, −430%)
Free cash flow, FY2022
−117% of revenue
▼ Now a loss vs FY2021 ($368.9M, 622%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q3 FY2023, the three months to Dec 31, 2022
Revenue
▲ +84%
vs $54.4M in Q3 FY2022
Net income
▼ −9% (Loss)
vs −$63.4M in Q3 FY2022
  • Mar 10, 2023 Sumitovant completed its acquisition of Myovant The all-cash acquisition was completed, and Myovant was delisted from the New York Stock Exchange.

From development to sales The older report described a clinical-stage company developing relugolix; the latest describes approved ORGOVYX and MYFEMBREE, U.S. product sales, and commercialization through partners.

Who Did They Compete With?

Competes with AbbVie, Tolmar Pharmaceuticals, Ferring Pharmaceuticals, Accord BioPharma, and ObsEva

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