Medicure Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 22, 2022
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Medicure Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 5.29 million compared to CAD 4.92 million a year ago. Net income was CAD 1.11 million compared to net loss of CAD 0.946 million a year ago. Basic earnings per share from continuing operations was CAD 0.11 compared to basic loss per share from continuing operations of CAD 0.09 a year ago. Diluted earnings per share from continuing operations was CAD 0.11 compared to diluted loss per share from continuing operations of CAD 0.09 a year ago.
For the nine months, sales was CAD 16.75 million compared to CAD 14.94 million a year ago. Net income was CAD 0.911 million compared to net loss of CAD 2.63 million a year ago. Basic earnings per share from continuing operations was CAD 0.09 compared to basic loss per share from continuing operations of CAD 0.26 a year ago. Diluted earnings per share from continuing operations was CAD 0.09 compared to diluted loss per share from continuing operations of CAD 0.26 a year ago.
Medicure Inc. is a Canada-based pharmaceutical company. The Company is focused on the development and commercialization of therapies for the United States cardiovascular market. The focus of the Company is the marketing and distribution of AGGRASTAT (tirofiban hydrochloride) injection and ZYPITAMAG (pitavastatin) tablets in the United States, where they are sold through the Companyâs United States subsidiary, Medicure Pharma Inc. The Company also operates Marley Drug, Inc. (Marley Drug), a pharmacy located in North Carolina that offers an Extended Supply drug program serving all 50 states, Washington D.C. and Puerto Rico. Marley Drug is committed to improving the health status of its patients and the communities they serve while reducing overall health care costs for employers and other health care consumers. AGGRASTAT is indicated to reduce the rate of thrombotic cardiovascular events in patients with non-ST elevation acute coronary syndrome (NSTE-ACS).