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ADMA Biologics' CEO says their top drug ASCENIV is just beginning to grow.

ResultsRead the original at Benzinga
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ADMA said ASCENIV demand drove profit growth as sales rose 31%. BIVIGAM sales fell amid competitor price cuts, but management saw demand stabilizing, so ASCENIV's growth makes the overall update favorable.

ADMA · ADMA Biologics Inc.

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More doctors are choosing ASCENIV, and ADMA said demand stayed strong into the fourth quarter. A study of 127 patients also found fewer infections and less related care after treatment. BIVIGAM faced competitor price cuts, and its sales declined. Management saw demand stabilizing and chose to protect profit margins instead of discounting heavily. ASCENIV demand drove profit growth, so the BIVIGAM decline does not outweigh the stronger business update.

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