MorphoSys Reports Preliminary Q2 Monjuvi U.S. Sales; Updates 2022 Guidance

MorphoSys AG (MOR,MPSYY.PK) reported preliminary second quarter Monjuvi U.S. net product sales of $23.3 million. For the full year of 2022, the company now expects Monjuvi U.S. net product sales in the range of $90 to $110 million, revised from prior guidance of $110 to $135 million.

"We recognize the competitive landscape has increased including recent approvals of additional second-line treatment options for relapsed or refractory diffuse large B-cell lymphoma. As such, we have lowered our expectations for growth in the second half of 2022 which is reflected in our revised sales guidance range for Monjuvi," said Jean-Paul Kress, CEO of MorphoSys.

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