Retrophin Says Q4 Sales Rise

Retrophin said on Monday it sees Q4 net product sales of about $37 million, 22% higher than in the same quarter a year earlier, according to preliminary results.

A year ago, the company reported $30.4 million in revenue. The revenue beat analyst estimates of $36 million, according to a poll published by Capital IQ. Full-year net product sales in 2016 totaled about $134 million, compared with $99.9 million in 2015 and above the $132.2 million consensus. .

The company said it anticipates revenue growth will continue in 2017, providing further financial support to develop products. The shares rose 4% to the highest since mid-December.

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