Ipsen marked significant progress in 2024 with multiple regulatory approvals and strategic partnerships, strengthening its position across oncology, rare diseases, and neuroscience therapeutic areas.
Major Regulatory Achievements
The FDA granted approval for Onivyde® (irinotecan) as a first-line treatment for pancreatic ductal adenocarcinoma (PDAC), marking a significant advancement in pancreatic cancer therapy. Additionally, Iqirvo® (elafibranor) received accelerated approval in the U.S. and gained European approval, while Kayfanda® (odevixibat) secured EU approval for Alagille syndrome (ALGS).
In the oncology space, Ipsen's Cabometyx® (cabozantinib) showed promising results in the CABINET Phase III study for advanced neuroendocrine tumors (NETs). The study findings were presented at the 2024 European Society for Medical Oncology (ESMO) Congress and published in the prestigious New England Journal of Medicine.
Pipeline Expansion and Strategic Partnerships
The company significantly broadened its pipeline through multiple strategic initiatives. A notable development was the filing of an IND application for IPN01194, an ERK inhibitor, advancing to Phase I/IIa trials in advanced solid tumors.
Ipsen secured several key partnerships, including:
- A licensing agreement with DayOne Biopharmaceuticals for tovorafenib, targeting pediatric low-grade glioma
- Global licensing agreements for Antibody Drug Conjugates with Sutro Biopharma and Foreseen Biotechnology
- Extended collaboration with Marengo Therapeutics for the TriSTAR T-cell engager platform
- Partnership with Biomunex for novel T-cell engager development
- Collaboration with Skyhawk Therapeutics focusing on RNA-modulating molecules for rare neurological diseases
Environmental and Social Progress
The company demonstrated strong commitment to sustainability, achieving a 45% reduction in Scopes 1 & 2 greenhouse gas emissions and a 25% reduction in Scope 3 emissions compared to 2019 baseline. Notable achievements include transitioning to 99.8% renewable electricity globally and converting 43% of the company fleet to electric vehicles.
Gender diversity remains a priority, with women now comprising 55% of the Global Leadership Team.
2025 Outlook and Milestones
Ipsen anticipates several crucial developments in 2025:
- Regulatory decision in Europe for Cabometyx in advanced neuroendocrine tumors
- European regulatory submission for tovorafenib in pediatric low-grade glioma
- Phase IIb trial results for fidrisertib in fibrodysplasia ossificans progressiva
- Proof-of-concept data for LANT88 in aesthetics
The company projects total sales growth exceeding 5.0% at constant currency for 2025, with a core operating margin greater than 30.0% of total sales. This guidance factors in accelerated growth of the ex-Somatuline portfolio while accounting for increased generic competition impact on Somatuline sales in the U.S. and Europe.
