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SPECTRUM PHARMACEUTICALS INC

sppirx.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 11, 2023. Its latest SEC filing is a 15-12G from Nov 9, 2023.

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

What Did They Do?

Sells ROLVEDON to treat chemotherapy-related low white blood cell counts and develops targeted cancer medicines for people with lung and other cancers.

How Did They Make Money?

Spectrum sells ROLVEDON to pharmaceutical wholesalers and distributors for agreed prices; sales are counted when the product is physically delivered.

FY2022 revenue

Who Were Their Customers?

Spectrum sells ROLVEDON through group purchasing organizations, wholesalers and specialty distributors, and directly to clinics and hospitals; wholesalers and distributors then sell to clinics, hospitals and federal healthcare programs.

Did Revenues Turn Into Profits?

No. It lost $75.4M in FY2022.

Operating income, FY2022
−719% of revenue
▼ −51% (Loss) vs FY2021 (−$147.7M)
Net income, FY2022
−746% of revenue
▼ −52% (Loss) vs FY2021 (−$158.6M)
Free cash flow, FY2022
−962% of revenue
▼ −19% (Loss) vs FY2021 (−$119.7M)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q1 FY2023, the three months to Mar 31, 2023
Revenue
vs $0 in Q1 FY2022
Net income
▼ −68% (Loss)
vs −$15.4M in Q1 FY2022
  • Aug 1, 2023 Assertio completed its acquisition of Spectrum Spectrum shares converted into Assertio stock and contingent value rights, with possible payments tied to milestones; Spectrum requested Nasdaq delisting.

From pipeline to sales The earlier report described ROLONTIS as an investigational treatment and the portfolio as development-stage drugs; the latest describes ROLVEDON as approved and being sold, alongside product candidates.

Who Did They Compete With?

Competes with Amgen, Coherus BioSciences, Mylan Pharmaceuticals, Sandoz, Pfizer, AstraZeneca, Takeda Pharmaceutical, Rain Therapeutics, Janssen Research & Development, Taiho Pharmaceutical, Cullinan Oncology, Daiichi-Sankyo, Genentech, Gilead Sciences, Jiangsu Hengrui Pharmaceuticals, Novartis International, Fresenius Kabi, Amneal Pharmaceuticals, G1 Therapeutics, and BeyondSpring

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