- RVL Pharmaceuticals plc (NASDAQ:RVLP) announced preliminary Q2 FY22 sales from Upneeq of $8.4 million, up 42% sequentially.
- Upneeq (oxymetazoline hydrochloride ophthalmic solution) is an approved ophthalmic solution for blepharoptosis or droopy eyelids.
- The company also announced that from February through June of 2022, it had received orders from approximately 2,200 cumulative unique medical aesthetics practices.
- RVL Pharma also reaffirmed its Q4 Upneeq sales guidance of $20 million – $25 million.
- Related: Osmotica Pharma Announces Rebranding As RVL Pharma, Issues Q4 Sales Outlook.
- “As planned and previously announced, we expect to significantly expand our medical aesthetics salesforce by mid to late July and believe that we are well-positioned to build on our momentum and achieve our fourth quarter 2022 net sales projection,” said CEO Brian Markison.
- Price Action: RVLP shares closed 4.93% higher at $1.49 on Thursday.
Fear Continues To Grip Markets Ahead Of Inflation Data
The CNN Money Fear and Greed index showed some easing in the overall fear level, with the index remaining in the "Fear" zone on Monday.
U.S. stocks closed mixed on Monday, ahead of the release of key inflation data. Treasury yields were mostly flat during Monday’s session.
