Latest news with #BrendanO'Grady
Yahoo
19-05-2025
- Business
- Yahoo
Assertio to Participate in the Alliance Global Partners Healthcare Company Showcase on May 21, 2025
LAKE FOREST, Ill., May 19, 2025 (GLOBE NEWSWIRE) -- Assertio Holdings, Inc. ('Assertio' or the 'Company') (Nasdaq: ASRT) today announced that Brendan O'Grady, Chief Executive Officer, will present at the virtual Alliance Global Partners Healthcare Company Showcase, taking place Wednesday, May 21, 2025. Mr. O'Grady's fireside chat will be webcast live at 11:20 a.m. ET. To join the event, please register at or visit the Events & Presentations page at the Company's investor relations website, About Assertio Assertio is a pharmaceutical company with comprehensive commercial capabilities offering differentiated products designed to address patients' needs. Our focus is on supporting patients by marketing products in oncology, neurology, and pain management. To learn more about Assertio, visit Investor Contact Matt Kreps, Managing DirectorDarrow AssociatesM: 214-597-8200mkreps@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Q1 2025 Assertio Holdings Inc Earnings Call
Matt Kreps; Investor Relations; Assertio Holdings Inc Brendan O'Grady; Chief Executive Officer; Assertio Holdings Inc Ajay Patel; Executive Vice President & Chief Financial Officer; Assertio Holdings Inc Thomas Flaten; Analyst; Lake Street Naz Rahman; Analyst; Maxim Group Ram Selvaraju; Analyst; H.C. Wainwright Scott Henry; Analyst; AGP Capital Markets James Sidoti; Analyst; Sidoti & Company Operator Please stand by. Well, good day, ladies and gentlemen. Welcome to the Social Holdings first quarter 2025 results conference call. Just a reminder that today's call is being recorded. I would now like to hand things over to Mr. Matt Kretz. Please go ahead, sir. Matt Kreps Thank you and good afternoon. Thank you all for joining us today to discuss the Assertio's first quarter of 2025 financials. The news release covering our results for this period is now available on the investor page of our website at investor. I would encourage you to review the release and tables in conjunction with today's discussion. With me today are Brendan O'Grady, the Chief Executive Officer, and Ajay Patel, Chief Financial Officer. Brendan will open the remarks and provide an overview of the business, including an update on Assergio's long-term business strategy. After Brendan AJ will cover our financial results and guidance. Brendan will then provide some closing comments before we take questions from our covering research analysts. Please note that during this call, management will make projections and other forward-looking statements regarding our future performance. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those noted in today's in this afternoon's press release, as well as the Sergio's filings with the FCC. These and other risk factors are more fully described in the risk factors section and other sections of our annual report on Form 10K and in our Form 10 filings. The actual results may differ materially from those projected in the forward-looking statements. Sarcio specifically disclaims any intent or obligation to update these forward-looking statements except as required by law. With that, I will now turn the call over to Brendan. Please go ahead. Brendan O'Grady Thank you, Matt, and thank you to everyone who has joined today's call. I'll begin today with a quick overview of our first quarter financial results which are in line with the full year 2025 net product sales and adjusted EBITDA expectations that were set forth during the March earnings call. In the first quarter, net product sales came in slightly ahead. Of plan at 26 million and we are tracking to our full year net product sales and adjusted to Outlook. As I signaled in March, Rove on results in the first quarter were impacted by sell through 1/4 quarter initial stocking activity that supported customer and volume expansion, which we expect to benefit us from Q2 onward. In addition, we are continuing to add new customers and have strengthened our payer coverage that started in February with Cigna and expect to further expand our payer coverage going into the second half of this year. Overall Rodon demand remains strong and combined with our focused execution, we foresee net sales to continue increasing throughout the year. In addition, our revised Simpazan promotional strategy is proving effective, with total Simposan prescriptions in the first quarter up 6.5% year over year. This is a very positive-trend that we expect will continue building in the quarters ahead. Lastly, Indison remained stable in the first quarter, achieving our expectation for net sales and contribution. These results, along with expected performance throughout 2025, are influenced by the substantial progress Ossergio has achieved to date, implementing the long-term business strategy that I put into place last year. As I approach my one year anniversary with Osserio, I think it's important to recognize the team's progress and address our expectations moving forward. As previously stated, our strategy includes 3 phases characterized as stabilization, transformation, and growth. Stabilization was successfully completed in 2024 and it has adapted our organization to the changing operating environment. We strengthened our balance sheet, repositioned our portfolio to focus on Rovedon and Simpizan as core growth drivers, and rebalanced our talent and promotional resources. These significant achievements pave the way for us to begin implementing our current phase transformation. This phase is occurring throughout 2025 as we implement actions intended to catalyze a shift in future growth potential. I will cover this in more detail in just a minute. Finally, the growth phase of our strategy is expected to start in 2026, during which time we intend to become a leading commercially focused specialty pharma company that creates top tier value over the long term. Now coming back to the transformation phase of our strategy, we set forth the following priorities for 2025. First, reduce legal exposure. Second, simplify our corporate structure and processes. Third, prioritize investment and growth assets. 4th, divest non-core assets, and 5th, use the strength of our balance sheet to close a strategic transaction. These 5 transformation priorities are well underway with the goal of completing each by the end of this year, and I'm encouraged by our progress in just the 1st 4 months. I'll address several notable achievements and we'll start with reducing our legal exposure. Assergio has settled multiple prior legal matters, including the previously disclosed 2017 Department of Justice False Claims Act Q-tam lawsuit, the last remaininglumea antitrust action, and Spectrum's legacy Luau Securities class action. It is important to note that we admit to no wrongdoing in any of these cases, but decided to settle rather than continue to litigate and incurring the cost to defend as well as the distraction to our business. In addition, we obtained a dismissal of the company's Edwards Securities class action pending court approval. Our overall progress in reducing our legal exposure improves our ability to optimize operating expenses. By reducing legal costs and refocusing those resources back to the business. As noted in our earnings release, we have also begun simplifying our corporate holding structure by transferring all of our assets in our Sergio Therapeutic subsidiary to ATIH Industries LLC. At the closing of this transaction, Asserio Therapeutics held approximately $8.2 million in cash, a single digit royalty in Anderson, and certain legal liabilities, including those related to opioid litigation, which ATIH has assumed responsibility for managing and defending. As a result of this transaction, neither Seria Holdings nor any of its current subsidiaries remain named defendants in any opioid-related litigation. As we move throughout the year, we will also progress our strategy to invest some non-core assets which will further improve our ability to reallocate corporate resources to focus on growth and bolster our balance sheet to acquire or in license new growth assets. Already we have added new marketing support for Rodon and rebalanced promotional efforts for Simpizan by augmenting our omnichannel activities with select in-person support for the largest markets and key high decile prescribers. As a result, we are seeing improved efficiency and sales performance as previously mentioned. The actions I have just touched on allow us Sergio to optimize operating expenses so that we can better invest in the future and advance our strategic activities as we move through the transformation and into the growth phase. I want to conclude my remarks by stating that Ossertio's underlying business is strong and will be most successful by pivoting to a more sustained operating model driven by not only cash flow assets but by growth assets. To be clear, our strategy is to focus on specialty pharma assets with the potential to grow over a sustained period of time. Within a commercially focused operating model, that is why we are implementing a long term business strategy that we are confident can create sustained near term growth and increase long term value. I look forward to providing you with continued updates on our progress as we head through 2025. I will now hand over to our CFO Ajay Patel, who will walk us through the details of our first quarter performance. Ajay Patel Thanks, Brendan. Today I'll walk through our financial results for the first quarter of 2025. My commentary will resume the use of year over year comparisons as we have now completed the stabilization phase that Brendan discussed regarding the 2023 spectrum acquisition and Indison's generic competition, which made year over year comparisons difficult in 2024. Q1 2025 product sales came in at $26 million compared to $31.9 million in the prior year quarter. Odon sales were $13.1 million a decrease from $14.5 million in the prior year first quarter, driven by lower pricing, partially offset by higher volume. As Brendan mentioned, the current year first quarter was impacted by fourth quarter stocking. Indi and net product sales were $5.5 million down from $8.7 million in the prior year quarter due to the impacts of generic competition. The prior year first quarter was still in the early stages of the generic impact. Symphozan sales were $2.2 million compared to $2.6 million in the prior year period, impacted slightly by pricing and volume. Reported gross margin increased to 70% from 65% a year ago. The prior year reported gross margin included Rovedon inventory step up amortization, excluding the impact of the inventory step up, prior year gross margin was 78%. The year over year gross margin decline was driven by the impact of higher rovedon volumes on cost of sales. Turning to operating expenses, reported SG&A expense was $22 million up from $18.5 million in the prior year quarter, primarily driven by higher legal charges, including a net settlement charge of $2.8 million for the Luau shareholder matter. R&D expense was $0.4 million down from $0.7 million a year ago due to the completion of the same day dosing trial at the end of 2024. Adjusted operating expenses, which exclude stock compensation, DNA, and non-reoccurring restructuring and legal settlement charges, were $18.5 million compared to $17.3 million in the prior year period due to higher external litigation costs. GAAP net income for the first quarter was a loss of $13.5 million compared to a loss of $4.5 million in the prior year. In addition to the impacts just discussed, GAAP net income was affected by higher intangible amortization expense due to a change in useful life at the end of 2024. Adjusted IIDA for the first quarter was $0.2 million compared to $7.4 million in the prior year quarter, primarily reflecting the impact of lower net sales and gross margin as discussed. Turning to our balance sheet and cash flow statements, as of March 31, 2025, cash and investments totaled $87.3 million compared to $100.1 million as of December 31, 2024. Cash flow from operations during the first quarter was impacted by the timing of approximately $12 million of accounts receivable collected in early April. At the end of April 2025, cash and investments stood at approximately $96.7 million. Debt at March 31, 2025 remains unchanged at $40 million comprised of the company's 6.5% convertible notes with no maturities until September 2027. With that, I will turn the call back to Brendan. Brendan O'Grady Thanks. In the first quarter, the Ossertio team delivered strong financial performance on track to the expectations that we set for 2025. We also demonstrated outstanding execution on the transformation phase of our business strategy with notable achievements that keep us on a path to realizing our goal of creating sustainable near-term growth and increased long-term value. I am confident that the strengths of our underlying financials, ongoing business performance, and business strategy will enable our success. With that, let's go ahead and open the call for questions from our analysts. Operator Thank you, sir. (Operator Instructions) Thomas Slayton, Lake Street. Thomas Flaten Hey, good afternoon, guys. Thanks for taking the questions. Brendan, congrats on offloading the opioid litigation matters. Were there, just out of curiosity on that, was there value in in either direction on that? Did you guys pay them to take it? Did they pay you to accept it? Was there any. Brendan O'Grady Value movement there? Yeah, just nominal value they paid us, Thomas. Thomas Flaten And a quick one for AJ. AJ, you guys, have some. Relative to the beginning of last year, your accrued rebates, returns, accrued liabilities are up. How do we think about you guys using cash to bring those balances back down again? Will that occur pretty evenly over the course of the year or how should we think about that? Ajay Patel Yeah, Thomas, thanks for the question. Yeah, I would think about that relatively evenly. As the primary factor of that is Rover down with its ASP-based pricing. So as the rebates increase for that, the payments typically occur in the subsequent quarter. Thomas Flaten Got it, understood. And just a final one for me if I might, any more thoughts on same day dosing, progress with the NCCN, any update on that? Brendan O'Grady Yeah, Thomas, so as we've discussed or said before, we, it's kind of a 12 month strategy as far as the NCCN. So we've presented the results of the same day dosing trial twice, once in December, once in, I think March. We've approached a peer reviewed journal for a publication that we hope will be midsummer. And once that's done, then we will approach NCCN about inclusion of the guidelines for 2026. So, everything's moving according to plan. Ultimately we don't control whether we get in the NCCN for the guidelines or not, but we are executing the plan to get there. Thomas Flaten Excellent. I'll hop back in the queue. Thank you. Operator Naz Rahman, Maxim Group. Naz Rahman Hi, thanks for taking my questions and gras on progress. Just two questions on Wennon, I believe you first spoke about expanding into the hospital setting away from the community setting. Could you kind of provide some comments and details about how that's progressing thus far in 2025 and sort of where you start or wherever you would expect to see an inflection point there. Brendan O'Grady Yeah, hi, Naz. Thanks for the question. I think if you think about Rollon today, most of our business is in the community oncology Medicare Part B space. To be successful in the hospital space, we really need to grow our commercial payer side that will unlock a couple of things for us. It will unlock more of the commercial channel for us. And then it'll unlock hospitals as well. So the next step in the strategy is really to build our payer coverage, which we've done with Cigna, as I mentioned in my opening comments, and hope to expand in the second half of this year and then further expand in 2026. As we do that, we'll be able to get more of the commercial clinics based business as well as that will enable us to impact or penetrate hospitals to a greater degree. Naz Rahman Got it, thank you. And my last question is just on guidance. So based on you on the adjusted bit of guidance of 10 million to 19 million, why not adjust the band down or do you still think it's possible and what leverage could you, do you think we'll get you towards that 19 million? Why not adjust that band down from 10 to something else do the 12 results. Brendan O'Grady I think that there's still too many things going on that that wouldn't make sense for us to adjust it down. We'll see how 2nd quarter pans out and we'll talk about it again in August. But at this point, I think the guidance ranges we put out there for both EEA and net sales, I think we're tracking to within those guidance ranges, and we'll see how things go, but we'll update it again in August if necessary. Operator Ram Selvaraju, HC Wainwright. Ram Selvaraju Thanks very much for taking my questions just in furtherance of. Additional context regarding the Roaddon situation. Can you give us a sense of what additional promotional or marketing strategies you expect to implement over the course of the remainder of this year to TRY to accelerate growth and roll it on sales? Brendan O'Grady Sure, hi Ram. Thanks for the question. A couple of things. I mean, first of all, there's still more market share we can get in our primary space, which is the Medicare Part B clinics. There's still some large groups out there that that we hope to attract additional volume with and additional shares. So that's one. Second, I mentioned the payer piece. We've just begun to start starting to pull that business through on the commercial side. So that's 2. We hope to expand that coverage in the second half of the year, which would be the 3rd, and again that will enable us to get some penetrations in the hospital. So if you see that it's kind of building throughout the year, we expect Rodon to continue to grow in net sales and volume as we go through this year. Ram Selvaraju Can you talk about how you expect the overall genericization picture to evolve over the course of the remainder of 2025 with respect to Edison? Are you expecting a substantial additional number of generic purveyors of Edison? Between now and the end of 2025, if so, approximately how many and what impact do you expect that to have, even if only on a qualitative basis regarding the remaining in the sin revenue stream. Brendan O'Grady Yeah, another good question. Thanks, Ram. I think our plan assumed two more generics for Indiin this year, one in the first half of the year, one in the second half of the year. There was an approval back in February. We have not got any confirmation of launch yet, so I think we're still relatively tracking to plan. But you can think about, if there's 3 on the market, you split the market by 3, if there's 4 on the market, you split it by 4. So each time you lose volume and you lose price, so it will decline with the with the entrance of more generics. But I think, I'm optimistic right now that that we're we're tracking to our plan. I think we've got a pretty good a pretty good handle on it. We'll optimize Anderson as much as we can as we go through the year. Ram Selvaraju And then lastly, you had mentioned on this and a couple of previous calls the interest of the company in doing something on the strategic front to broaden potentially the commercial portfolio. Can you give us some additional context on that if there's been any sort of evolution in your thinking, particularly if this pertains to the broader market environment changes that you're seeing within that, and also the possibility of identifying opportunities that are directly synergistic with your existing commercial assets. Brendan O'Grady Yeah, I mean, we have numerous ongoing conversations, all very positive conversations going in the right direction, and I'm very optimistic that we will get something done in 2025 that will certainly add to our business and position us for that growth phase in 2026. I obviously can't be more specific than that, but I'm very encouraged by the conversation that we currently have going on. Ram Selvaraju They're just for clarification purposes, as of right now, your forecast or outlook for 2025 is not contingent upon any such business development activity being successfully concluded, is that correct? Brendan O'Grady That is correct. Our outlook for 2025 includes only our current portfolio. Operator Scott Henry, Alliance Global Partners. Scott Henry Thank you and good afternoon. I guess first with regard to Rovean, you do mention pricing pressure. Could you talk about the pricing, how it is, kind of year over year and sequentially and your expectations going forward? Brendan O'Grady Yeah, hi Scott. I mean, it is a quarter to quarter type of strategy, so you know. ASP does erode over time, and some quarters is a bigger impact than others. It's a very competitive marketplace as we play in this this new lastA biosimilar long acting GCSF space. And there could be new entrants that enter as we go through this year that could also have an impact. So we're, I think we're doing a very good job of maintaining and managing our ASP. I think the way that we think about the business and the way we execute and contract the business is smart, which I think is why our ASP has. Been slower to erode maybe than others, and we continue to build volume and gain new customers and that's part of of the step down from Q4 to Q1 was we brought in some new customers in Q4 that were going to pull through in Q1, so we wanted that inventory there and we pulled that through in Q1, so you'll start to see that grow as we go into Q2 and beyond. Scott Henry Okay, thank you for that caller. And then with regards to SG&A, I believe you said that the base SGA is around $18.5 million quarterly. I guess the question is, did I hear that correct? And as well, what would you expect for the legal wind down, particularly, given that you've had this divestment, should that start to be declined materially in the coming quarters or or how long should some of that that other litigation take? Ajay Patel Yeah, no, thanks for the question, Scott. You're right. So the base, adjusted op back for the first quarter was 18.5 million. Now in the first quarter we were burdened, we typically have kind of two components of litigation exposure legacy matters and shareholder matters, as Brendan kind of alluded to in his comments, right, the legacy matters for the most part have been mitigated now with the divestment of Assertio therapeutics. We are expecting kind of on an annualized front that to benefit us, in the neighborhood of $2 million to $3 million annually. And then from a shareholder litigation as we continue to resolve, settle, and exit those cases, the ongoing burden does decrease over time. Scott Henry Okay, thank you. Final question, just for clarity, what is, what assets exactly did you divest into the AITH entity? And was there any material event impact from those assets? Brendan O'Grady There is just a a single digit royalty on Edison that we divested. Scott Henry With -- Brendan O'Grady The therapeutic divestiger and ATIH as well as some cash. Scott Henry Okay, all right, so none of the other products went with it, none of the small. Brendan O'Grady Nope. Scott Henry Okay, and if I may, and it's, I guess it's, I don't want to ask you a legal question, but I think I'm going to, if you divest. Some of your legal responsibilities to this asset, what is the risk that they could still come after the parent company that that you can't in fact, completely divest that liability? Brendan O'Grady Well, I mean, if you think about it, the way that we got the liability was through M&A and so this is no different. We transferred this. Legal entity to a third party that is going to maintain and run this business and manage and manage it accordingly. So while there's always a risk, I think the risk is very low. Operator (Operator Instructions) Jim, Sidoti & Company. James Sidoti Hi, good afternoon. Thanks for taking the questions. In addition to all the, internal changes there, you, you're dealing with some external changes as well. Can you comment on, what impact do you think there could be from either the tariffs or the executive order regarding drug pricing or the proposed changes to Medicaid. Brendan O'Grady Yeah, I mean, so the tariffs is who knows, right? That's a daily up and down. We've got a significant, I mean, probably a thing we would be most exposed on with tariffs would be drug substance on roodon, but we've got a significant inventory here in the US, so we don't expect any short-term impact, and by the time there is an impact, hopefully that situation will be worked out. With regards to drug pricing, we do not sell any products outside of the US with the exception of Cambia that we sell in Canada, and Cambia is probably more expensive in Canada, the fact that it's not generic and it's generic here. So we'll see. There needs to be a lot more details on drug pricing. It's going to take a while for the details to come out as to how that's actually going to play out, but at least right now we don't see any real risk on either one of those two things. James Sidoti Okay, and I just want to be clear, post the divestiture, are you maintaining your revenue guidance of 108 million to 123 million? Brendan O'Grady We are. Operator Yeah, And at this time there are no further questions. Everyone that does conclude today's Osserio Holdings first quarter conference, we would like to thank you all for your participation. You may now disconnect.
Associated Press
20-03-2025
- Business
- Associated Press
Assertio to Participate in the iAccess Alpha Virtual Best Ideas Conference on March 25-26, 2025
LAKE FOREST, Ill., March 20, 2025 (GLOBE NEWSWIRE) -- Assertio Holdings, Inc. ('Assertio' or the 'Company') (Nasdaq: ASRT) today announced that Brendan O'Grady, Chief Executive Officer, will present at the iAccess Alpha Best Ideas Spring Investment Conference taking place virtually March 25-26, 2025. The Company will present at 1:30 pm Eastern Time on Tuesday, March 25, 2025. To join the presentation, please visit the webcast available online at . Additionally, investors participating in the conference can request 1x1 meetings to take place on March 26, 2025 via their conference representative or through Assertio investor relations at [email protected] . To register to attend the conference and request 1x1 meetings, please visit . About Assertio Assertio is a pharmaceutical company with comprehensive commercial capabilities offering differentiated products designed to address patients' needs. Our focus is on supporting patients by marketing products in oncology, neurology, and pain management. To learn more about Assertio, visit . Investor Contact Matt Kreps, Managing Director Darrow Associates M: 214-597-8200 [email protected] Forward-Looking Statements Statements in this communication that are not historical facts are forward-looking statements that reflect Assertio's current expectations, assumptions and estimates of future performance and economic conditions. These forward-looking statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, future events or the future performance or operations of Assertio, including risks related to our ability to realize the benefits from our operating model, deliver or execute on our business strategy, including to expand or diversify our asset base and market reach and drive cash flows and growth, successfully integrate new assets, and explore new business development initiatives. All statements other than historical facts may be forward-looking statements and can be identified by words such as 'anticipate,' 'believe,' 'could,' 'design,' 'estimate,' 'expect,' 'forecast,' 'goal,' 'guidance,' 'imply,' 'intend,' 'may,' 'objective,' 'opportunity,' 'outlook,' 'plan,' 'position,' 'potential,' 'predict,' 'project,' 'prospective,' 'pursue,' 'seek,' 'should,' 'strategy,' 'target,' 'would,' 'will,' 'aim' or other similar expressions that convey the uncertainty of future events or outcomes and are used to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of Assertio, including the risks described in Assertio's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission ('SEC') and in other filings Assertio makes with the SEC from time to time. Investors and potential investors are urged not to place undue reliance on forward-looking statements in this communication, which speak only as of this date. While Assertio may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to update or revise any forward-looking-statements contained in this press release whether as a result of new information or future events, except as may be required by applicable law.
Yahoo
20-03-2025
- Business
- Yahoo
Assertio to Participate in the iAccess Alpha Virtual Best Ideas Conference on March 25-26, 2025
LAKE FOREST, Ill., March 20, 2025 (GLOBE NEWSWIRE) -- Assertio Holdings, Inc. ('Assertio' or the 'Company') (Nasdaq: ASRT) today announced that Brendan O'Grady, Chief Executive Officer, will present at the iAccess Alpha Best Ideas Spring Investment Conference taking place virtually March 25-26, 2025. The Company will present at 1:30 pm Eastern Time on Tuesday, March 25, 2025. To join the presentation, please visit the webcast available online at Additionally, investors participating in the conference can request 1x1 meetings to take place on March 26, 2025 via their conference representative or through Assertio investor relations at mkreps@ To register to attend the conference and request 1x1 meetings, please visit About Assertio Assertio is a pharmaceutical company with comprehensive commercial capabilities offering differentiated products designed to address patients' needs. Our focus is on supporting patients by marketing products in oncology, neurology, and pain management. To learn more about Assertio, visit Investor Contact Matt Kreps, Managing DirectorDarrow AssociatesM: 214-597-8200mkreps@ Forward-Looking Statements Statements in this communication that are not historical facts are forward-looking statements that reflect Assertio's current expectations, assumptions and estimates of future performance and economic conditions. These forward-looking statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, future events or the future performance or operations of Assertio, including risks related to our ability to realize the benefits from our operating model, deliver or execute on our business strategy, including to expand or diversify our asset base and market reach and drive cash flows and growth, successfully integrate new assets, and explore new business development initiatives. All statements other than historical facts may be forward-looking statements and can be identified by words such as 'anticipate,' 'believe,' 'could,' 'design,' 'estimate,' 'expect,' 'forecast,' 'goal,' 'guidance,' 'imply,' 'intend,' 'may,' 'objective,' 'opportunity,' 'outlook,' 'plan,' 'position,' 'potential,' 'predict,' 'project,' 'prospective,' 'pursue,' 'seek,' 'should,' 'strategy,' 'target,' 'would,' 'will,' 'aim' or other similar expressions that convey the uncertainty of future events or outcomes and are used to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of Assertio, including the risks described in Assertio's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission ('SEC') and in other filings Assertio makes with the SEC from time to time. Investors and potential investors are urged not to place undue reliance on forward-looking statements in this communication, which speak only as of this date. While Assertio may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to update or revise any forward-looking-statements contained in this press release whether as a result of new information or future events, except as may be required by applicable in to access your portfolio
