Argenx Reports Revenue Growth Amid Q1 Financial Challenges

Published 6 hours agoARGX

Argenx Reports Revenue Growth Amid Q1 Financial Challenges

Argenx has showcased strong first-quarter performance in 2025, reflecting a continued upward trend in revenue. The company marked nine consecutive quarters of revenue growth, with a notable 34% increase in patients using its VYVGART subcutaneous treatment in the U.S. Additionally, Argenx expanded its global footprint by enrolling over 2,700 patients in China for the therapy within just three months.

Despite these milestones, Argenx faced several hurdles during the same period. The company reported a net cash burn of $75 million in Q1, highlighting financial strains as expenditures outpaced income. Furthermore, it halted development efforts in ANCA-associated vasculitis due to identified risks. Nevertheless, Argenx is advancing its regulatory goals with plans to seek FDA approval for a pre-filled syringe version of VYVGART by June 2025.

Moving forward, Argenx has outlined plans to address its financial pressures, anticipating expenses for research, development, and administrative operations to reach approximately $2.5 billion for the year. The company, according to Reuters, seeks to achieve sustainable profitability in 2025 by refining its strategic initiatives and leveraging its expanding global presence.

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