uploads///rayaldee

Rayaldee Could Boost Opko Health’s Revenue in 2018 and Beyond

By

Jul. 13 2018, Updated 7:33 a.m. ET

Rayaldee, Opko’s growth driver

Opko Health’s (OPK) Rayaldee generated revenues of $3.7 million in the first quarter. Rayaldee had a solid uptake in the first quarter, and it continued in the second quarter.

According to IMS Health data, total Rayaldee prescriptions had 730% year-over-year growth in the first quarter and 38% growth sequentially. Opko Health noted that 79% of patients have accessed Rayaldee therapy with insurance plans. Rayaldee prescriptions increased steadily each week at the beginning of 2018.

Article continues below advertisement

Rayaldee (calcifediol) is used for the treatment of adult individuals with secondary hyperparathyroidism who are at stage 3/4 chronic kidney disease and have low vitamin D levels in the blood. Notably, Rayaldee also demonstrated a safety profile similar to the placebo. Rayaldee therapy also has an insignificant effect on serum calcium and serum phosphorus.

Opko Health expanded its sales team for better commercialization of Rayaldee. Opko Health noted that presently there are 763 active healthcare providers who prescribe Rayaldee. That number increased 29% compared to the prior quarter.

Opko Health is working to expand the coverage of Rayaldee and expects a steady increase in awareness, adoption, and reimbursement of the drug. Opko Health expects Rayaldee to acquire a significant market share in stage 3/4 chronic kidney disease.

Rayaldee for long-term growth

Opko Health is planning to initiate a Phase 2 clinical trial with Rayaldee for the evaluation of its safety and efficacy in the treatment of individuals with stage 5 chronic kidney disease with secondary hyperparathyroidism who are undergoing dialysis. Opko Health plans to start the Phase 2 clinical trial during the third quarter.

In preliminary studies, Rayaldee also showed the potential for the treatment of stage 5 chronic kidney disease, osteoporosis, and cancer.

The growth in sales of Rayaldee could significantly boost the company’s revenue growth.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.