Assertio Reports Third Quarter 2023 Financial Results

On November 8, 2023 Assertio Holdings, Inc. ("Assertio" or the "Company") (Nasdaq: ASRT), a specialty pharmaceutical company that acquires, commercializes and develops safe and effective therapies that make a difference in the lives of patients, reported financial results for the third quarter ended September 30, 2023 (Press release, Assertio Holdings, NOV 8, 2023, View Source [SID1234639223]).

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"Our third quarter results were disappointing, with the loss of Indocin exclusivity and Rolvedon results below expectations driving significant charges to our net income. While we are learning that certain aspects of the acquisition may not be everything we initially expected, we did not buy Spectrum just for the third quarter. The addition of Rolvedon diversifies and extends our portfolio’s duration, plus brings improved commercial access and business-to-business contracting teams that are important to our strategic direction," said Dan Peisert, CEO of Assertio. "We have taken immediate steps to improve the business and remain committed to building a strategic path for Rolvedon’s long-term sustainable growth."

"Despite these headwinds, Assertio’s innovative non-personal platform continues to drive profitable growth on our other assets. Sympazan achieved another new monthly high on a 4% increase in total prescription volume quarter over quarter, and new payor coverage drove volumes and Net Product Sales for Otrexup up 4% and 6%, respectively, for the nine months year-to-date," said Peisert. "We have built this platform to scale and accommodate assets across a variety of therapeutic categories as we continue to pursue additional licensing and acquisition opportunities that can leverage these capabilities, bringing further value to Assertio and capitalizing on our existing liquidity."

Interim Report Q3 2023

On November 8, 2023 Oncopeptides reported its interim report Q3 2023 (Presentation, Oncopeptides, NOV 8, 2023, View Source [SID1234639200]).

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Quarterly Statement Third Quarter of 2023

On November 8, 2023 Bayer reported its Quarterly Statement Third Quarter of 2023 (Presentation, Bayer, NOV 8, 2023, View Source [SID1234638104]).

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Summary of Consolidated Financial Results (For the Second Quarter ended September 30, 2023)

On November 8, 2023 Kyorin reported its Consolidated Financial Results (For the Second Quarter ended September 30, 2023) (Press release, Kyorin, NOV 8, 2023, View Source [SID1234637730]).

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Entry Into a Material Definitive Agreement

On November 8, 2023 Myriad Genetics, Inc. (the "Company") reported to have entered into an underwriting agreement (the "Underwriting Agreement") with Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC (the "Underwriters"), relating to the issuance and sale pursuant to an underwritten public offering (the "Offering") of an aggregate of 6,470,588 shares (the "Shares") of its common stock, par value $0.01 per share (the "Common Stock"), and up to 970,588 additional shares of Common Stock at the Underwriters’ option (Filing, 8-K, Myriad Genetics, NOV 8, 2023, View Source [SID1234637554]). The Shares were sold at a public offering price of $17.00 per share, less underwriting discounts and commissions, as described in the prospectus supplement, dated November 8, 2023, filed with the Securities and Exchange Commission (the "Commission") on November 13, 2023. The offering of the Shares closed on November 13, 2023.

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The Offering was made pursuant to the Company’s effective automatic shelf registration statement on Form S-3 (File No. 333-275396) (the "Registration Statement") previously filed with the Commission, a prospectus included in the Registration Statement and a prospectus supplement.

The Underwriting Agreement contains customary representations, warranties, covenants, indemnification obligations of the Company and the Underwriters, including for liabilities under the Securities Act of 1933, as amended, and other obligations of the parties. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

A copy of the opinion of Skadden, Arps, Slate, Meagher & Flom LLP relating to the validity of the Shares is filed herewith as Exhibit 5.1 to this Current Report on Form 8-K and is filed with reference to, and is hereby incorporated by reference into, the Registration Statement.