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La Jolla Pharmaceutical Co (LJPC) SEC Filing 10-Q Quarterly report for the period ending Tuesday, March 31, 2020

SEC Filings

La Jolla Pharmaceutical Co

CIK: 920465 Ticker: LJPC
Exhibit 99.1



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La Jolla Pharmaceutical Company Announces Preliminary GIAPREZA™ (Angiotensin II) Net Sales for the Three and Twelve Months Ended December 31, 2019


SAN DIEGO, CA - January 9, 2020 - La Jolla Pharmaceutical Company (Nasdaq: LJPC), a leader in the discovery, development and commercialization of innovative therapies intended to significantly improve outcomes in patients suffering from life-threatening diseases, today announced preliminary GIAPREZA™ (angiotensin II) net sales for the three and twelve months ended December 31, 2019. For the three months ended December 31, 2019, preliminary GIAPREZA net sales were $7.2 million, up 71% from the three months ended December 31, 2018 and up 26% from the three months ended September 30, 2019. Vials of GIAPREZA shipped from distributors to hospitals (hospital demand) grew 74% for the three months ended December 31, 2019 as compared to the three months ended December 31, 2018 and 18% as compared to the three months ended September 30, 2019. For the twelve months ended December 31, 2019, preliminary GIAPREZA net sales were $23.1 million, up 129% from the twelve months ended December 31, 2018. La Jolla announced the commercial availability of GIAPREZA in the U.S. in March 2018.

As of December 31, 2019, La Jolla had approximately $87.8 million in cash and cash equivalents, compared to $104.8 million as of September 30, 2019. Net cash used in operating activities for the three months ended December 31, 2019 was approximately $17.0 million. La Jolla has no debt.

About GIAPREZA

In December 2017, GIAPREZA™ (angiotensin II) was approved by the U.S. Food and Drug Administration (FDA) as a vasoconstrictor indicated to increase blood pressure in adults with septic or other distributive shock. In August 2019, GIAPREZA was approved by the European Commission (EC) for the treatment of refractory hypotension in adults with septic or other distributive shock who remain hypotensive despite adequate volume restitution and application of catecholamines and other available vasopressor therapies. GIAPREZA mimics the body’s endogenous regulatory peptide that is central to the renin-angiotensin-aldosterone system to increase blood pressure. Prescribing information for GIAPREZA is available at www.giapreza.com. GIAPREZA is marketed by La Jolla Pharmaceutical Company on behalf of La Jolla Pharma, LLC, its wholly owned subsidiary.

IMPORTANT SAFETY INFORMATION

Contraindications

None.

Warnings and Precautions

There is a potential for venous and arterial thrombotic and thromboembolic events in patients who receive GIAPREZA. Use concurrent venous thromboembolism (VTE) prophylaxis.

Adverse Reactions

The most common adverse reactions that were reported in greater than 10% of GIAPREZA-treated patients were thromboembolic events.

Drug Interactions

Angiotensin converting enzyme (ACE) inhibitors may increase response to GIAPREZA. Angiotensin II receptor blockers (ARB) may reduce response to GIAPREZA.




The following information was filed by La Jolla Pharmaceutical Co (LJPC) on Friday, January 10, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Unaudited Condensed Consolidated Statements Of Cash Flows
Unaudited Condensed Consolidated Statements Of Operations
Unaudited Consolidated Statements Of Shareholders' Equity
Balance Sheet Account Details
Balance Sheet Account Details (Narrative) (Details)
Balance Sheet Account Details (Summary Of Accrued Expenses) (Details)
Balance Sheet Account Details (Property Plant And Equipment) (Details)
Balance Sheet Account Details (Schedule Of Inventory) (Details)
Balance Sheet Account Details (Tables)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Basis Of Presentation And Summary Of Significant Accounting Policies (Schedule Of Concentration Risk) (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)
Business
Business (Narrative) (Details)
Commitments And Contingencies (Lease Liability Maturity) (Details)
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies Commitments And Contingencies
Company-Wide Realignment (Notes)
Deferred Royalty Obligation
Deferred Royalty Obligation (Details)
Equity Incentive Plans
Equity Incentive Plans (Narrative) (Details)
Equity Incentive Plans (Share-Based Compensation Expense) (Details)
Equity Incentive Plans (Stock Option Activity) (Details)
Equity Incentive Plans Equity Incentive Plan (Tables)
George Washington University License (Narrative) (Details)
George Washington University License (Notes)
Net Loss Per Share (Details)
Net Loss Per Share (Notes)
Other Income???Related Party (Details)
Other Income???Related Party (Notes)
Restructuring (Details)
Shareholders??? Deficit (Details)
Shareholders??? Deficit Shareholders??? Deficit

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La Jolla Pharmaceutical Co provided additional information to their SEC Filing as exhibits

Ticker: LJPC
CIK: 920465
Form Type: 10-Q Quarterly Report
Accession Number: 0000920465-20-000059
Submitted to the SEC: Mon May 04 2020 8:12:54 AM EST
Accepted by the SEC: Mon May 04 2020
Period: Tuesday, March 31, 2020
Industry: Biological Products No Disgnostic Substances

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