Imprimis Posts 2017 Revenues of $26.77 Million, a 34 Percent Increase

March 9, 2018: By Joan McKenna

Imprimis Pharmaceuticals Inc. announced March 8 that its 2017 revenues totaled $26.77 million, a 34 percent increase over 2016 revenues of $19.94 million.

Fourth quarter revenues totaled $7.34 million, an increase of 27 percent over the 2016 total of $5.79 million.

The San Diego-based compounder said its average order at its 503B outsourcing facility in New Jersey was $1,400 in the fourth quarter.

Mark Baum, CEO of Imprimis, said Q4-2017 was the 15th consecutive quarter of double-digit or better year-over-year growth. The company’s customer network now exceeds 2 thousand prescribers, and it expects four new ophthalmic formulations to become available from its 503B facility during Q1-2018.

Imprimis attributed its annual revenue increase to a rise in sales and added ophthalmic formulations.

The company, which began generating revenues in 2014, has been attempting to disrupt the market with lower prices.

Imprimis said net losses for 2017 totaled $11.99 million. Its debt totaled $88.84 million at the end of 2017, and it expects to incur further losses as it continues to grow.

The company said it has raised more than $55 million through equity and debt financings since January 2015.

Addressing Supply Chain Vulnerabilities

On March 6, Imprimis announced that it has launched a new program to provide ophthalmologists and optometrists with custom compounded ophthalmic medications that are increasingly difficult to find, with products shipping within 24 to 48 hours.  Imprimis intends to make this program available in all 50 US states.

The move followed a Jan. 30 hearing by a US House subcommittee in which George Williams, MD, the AAO’s incoming president and a practicing retinal specialist in Michigan, testified that current FDA enforcement policies of state-regulated pharmacies is forcing practitioners to rely solely on outsourcing facilities, and sometimes only one facility, for office-use drugs, creating supply chain vulnerabilities.


Need Deeper Analysis? Sign up for Market Scope's monthly newsletter to get in-depth coverage of the ophthalmic market, including quarterly procedure volumes based on survey data and meeting coverage from around the world.

Recent Ophthalmic News

CMS Allows Medicare Advantage Plans to Apply Step Therapy to Retinal Injections

Glaukos Reports Drug Collaboration with D. Western, Q2-2018 Net Sales Increase of 5 Percent

Allergan Will Co-develop Editas’ CRISPR Genome Editing Candidate for LCA10

Spark Reports Q2-2018 Net Sales of $4.3 Million for Luxturna

Aerie’s Rhopressa Posts $2.4 Million in Net Revenues in Q2-2018

Astellas Acquires Quethera, Glaucoma Gene Therapy Candidate in Potential $109 Million Deal

STAAR Surgical Completes $77.9 Million Public Offering

Rheon’s eyeWatch Adjustable Glaucoma Device Implanted in Three UK Patients

Carl Zeiss Meditec Revenues Total $356 Million in Third Quarter of FY2018, a 12.7 Percent Increase

Kedalion Therapeutics Raises $5 Million in Series A Financing

Second Sight Reports 17 Argus II Implantations in Q2-2018; Firm to Focus on Orion System

Iridex Revenues Grow 3 Percent in Q2-2018

Omeros Revenues Drop Steeply with Omidria’s Temporary Loss of Pass-through Status

Shire’s Xiidra Delivers $100 Million in Q2-2018 Revenues, an Increase of 75 Percent

STAAR Posts Q2-2018 Revenues of $33.9 Million, a 55 Percent Increase

Avedro Names Glaukos CEO Thomas Burns to its Board

Aerie Licenses DSM’s Bioerodible Implant Technology for Ophthalmic Use for $15 Million

Alimera’s Q2-2018 Revenues Increase 5 Percent

Presbyopia Therapies’ PRX Meets Phase IIb Endpoints

Clinical Study of Imprimis’ Dropless Formulation Set to Begin in Canada

Coming soon

2018 Ophthalmic Laser Report: A Global Market Analysis for 2017 to 2023 (Photocoagulation, Photodisruption, and SLT