Minocycline Hydrochloride

Revenue for the First Quarter Ended March 31, 2025 was $13.1 million Emrosi™ (40 mg Minocycline Hydrochloride Modified-Release Capsules) Commercial Launch Off to a Strong Start, Initial Prescriptions Filled in Late March 2025 Phase 3 Clinical Trial Results for Emrosi Published in JAMA Dermatology Emrosi Now Included in Updated National Rosacea Society Treatment Algorithms Company to Hold Conference Call Today at 4:30 p.m. ET SCOTTSDALE, Ariz., May 14, 2025 (GLOBE NEWSWIRE) -- Journey Medical Corporation (Nasdaq: DERM) (“Journey Medical” or “the Company”, “we”, or “our”), a commercial-stage pharmaceutical company that primarily focuses on selling and marketing U.S. Food and Drug Administration (“FDA”) approved prescription pharmaceutical products for the treatment of dermatological conditions, today announced financial results and recent corporate highlights for the first quarter ended March 31, 2025. “The first quarter of 2025 was highly productive, as our in-line dermatology products continue to perform and the launch of Emrosi™, our best-in-class oral rosacea treatment, is off to a strong start,” said Claude Maraoui, Journey Medical’s Co-Founder, President and Chief Executive Officer. “The Emrosi launch is enjoying high visibility among dermatology prescribers with momentum from our exhibition booth at the American Academy of Dermatology (AAD) conference in late March, the recent publication of Emrosi’s statistically superior Phase 3 clinical trial results over Oracea® and placebo in JAMA Dermatology, and the promotional efforts from our experienced and highly effective dermatology salesforce. Emrosi was also recently incorporated into the National Rosacea Society’s Rosacea Treatment Algorithms, and payer coverage of the product continues to increase.” Mr. Maraoui continued, “Financially, we remain in a strong position with $21.1 million in cash as of March 31, an improvement in our gross margin, and overall operating spend down year-over-year. We believe that our first quarter financial results and launch progress with Emrosi demonstrate that we are executing on our strategic objectives, and that 2025 will be a transformational year for the Company as we drive the business to sustainable positive EBITDA and profitability.” Financial Results: Total net product revenues of $13.1 million for the first quarter of 2025 were consistent with $13.0 million of net product revenues for the first quarter of 2024. The first quarter of 2025 includes $2.1 million of incremental net product revenue related to the U.S. commercial launch of Emrosi. The Company’s gross margin(1) increased to 64% for the first quarter of 2025, from 54% in the prior period due to lower overall product cost of goods related to product sales mix and non-recurring charges in the prior year. Research and development costs were nil in the first quarter of 2025, compared to $7.9 million in the first quarter of 2024. The first quarter of 2024 includes Emrosi pre-approval project expenses, milestones and fees. Selling, general and administrative expenses increased by $2.1 million for the three-month period ended March 31, 2025, from $8.4 million for the three-month period ended March 31, 2024. The increase is primarily due to the incremental operational activities related to the launch and commercialization of Emrosi. The Company’s net loss was $4.1 million, or $(0.18) per share basic and diluted, for the first quarter of 2025, compared to a net loss of $10.4 million, or $(0.53) per share basic and diluted, for the first quarter of 2024. At March 31, 2025, the Company had $21.1 million in cash and cash equivalents as compared to $20.3 million in cash and cash equivalents at December 31, 2024. Recent Corporate Highlights: In April 2025, Journey Medical appointed Ramsey Alloush as its Chief Operating Officer. Mr. Alloush joined the Company as General Counsel in 2020. At the end of March 2025, Journey Medical announced initial distribution to pharmacies and first prescriptions filled. Full commercial launch began on April 7, 2025. In March 2025, the Journal of the American Medical Association - Dermatology published the Phase 3 clinical trial results of Emrosi for the treatment of rosacea, highlighting that Emrosi achieved the co-primary and all secondary endpoints in two Phase 3 trials and demonstrated statistical superiority against both Oracea(2) and placebo with no significant safety issues when administered once daily for 16 weeks. In March 2025, the National Rosacea Society published its updated Rosacea Treatment Algorithms to include low-dose oral minocycline (referenced in the brand index as Emrosi™). The Updated Treatment Algorithms can be accessed at https://www.rosacea.org/physicians/rosacea-treatment-algorithms. Information on such website is not a part of this release. In February 2025, Journey Medical hosted a conference call and webcast to discuss its U.S. commercial launch plan for Emrosi (40 mg Minocycline Hydrochloride Modified-Release Capsules) for the treatment of rosacea. A replay of the webcast is available on the IR calendar page of the Journey Medical website, and can be accessed at https://ir.journeymedicalcorp.com/new-events/ir-calendar. Information on such website is not a part of this release. Conference Call and Webcast InformationJourney Medical management will conduct a conference call and audio webcast on May 14, 2025, at 4:30 p.m. ET. To listen to the conference call, interested parties within the U.S. should dial 1-866-777-2509 (domestic) or 1-412-317-5413 (international). All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the Journey Medical conference call. Participants can register for the conference here: https://dpregister.com/sreg/10199519/ff117b0a70. Please note that registered participants will receive their dial-in number upon registration. A live audio webcast can be accessed on the News and Events page of the Investors section of Journey Medical’s website, www.journeymedicalcorp.com, and will remain available for replay for approximately 30 days after the meeting. (1) We define gross margin as net product revenue less cost of goods sold divided by net product revenue.(2) Oracea® is a registered trademark of Galderma Holdings, S.A. Société Anonyme. About Journey Medical CorporationJourney Medical Corporation (Nasdaq: DERM) (“Journey Medical”) is a commercial-stage pharmaceutical company that primarily focuses on the selling and marketing of FDA-approved prescription pharmaceutical products for the treatment of dermatological conditions through its efficient sales and marketing model. The Company currently markets eight branded FDA-approved prescription drugs that help treat and heal common skin conditions. The Journey Medical team comprises industry experts with extensive experience in developing and commercializing some of dermatology’s most successful prescription brands. Journey Medical is located in Scottsdale, Arizona and was founded by Fortress Biotech, Inc. (Nasdaq: FBIO). Journey Medical’s common stock is registered under the Securities Exchange Act of 1934, as amended, and it files periodic reports with the U.S. Securities and Exchange Commission (“SEC”). For additional information about Journey Medical, visit www.journeymedicalcorp.com. Forward-Looking StatementsThis press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. As used below and throughout this press release, the words “the Company”, “we”, “us” and “our” may refer to Journey Medical. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. The words “anticipate,” “believe,” “estimate,” “may,” “expect,” “will,” “could,” “project,” “intend,” “potential” and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated include: the fact that our products and product candidates are subject to time and cost intensive regulation and clinical testing and as a result, may never be successfully developed or commercialized; a substantial portion of our sales derive from products that may become subject to third-party generic competition, the introduction of new competitor products, or an increase in market share of existing competitor products, any of which could have a significant adverse impact on our operating income; we operate in a heavily regulated industry, and we cannot predict the impact that any future legislation or administrative or executive action may have on our operations; our revenue is dependent mainly upon sales of our dermatology products and any setback relating to the sale of such products could impair our operating results; competition could limit our products’ commercial opportunity and profitability, including competition from manufacturers of generic versions of our products; the risk that our products do not achieve broad market acceptance, including by government and third-party payors; our reliance third parties for several aspects of our operations; our dependence on our ability to identify, develop, and acquire or in-license products and integrate them into our operations, at which we may be unsuccessful; the dependence of the success of our business, including our ability to finance our company and generate additional revenue, on the successful commercialization of our recently approved product, Emrosi™, and any future product candidates that we may develop, in-license or acquire; clinical drug development is very expensive, time consuming, and uncertain and our clinical trials may fail to adequately demonstrate the safety and efficacy of our current or any future product candidates; our competitors could develop and commercialize products similar or identical to ours; risks related to the protection of our intellectual property and our potential inability to maintain sufficient patent protection for our technology and products; our business and operations would suffer in the event of computer system failures, cyber-attacks, or deficiencies in our or our third parties’ cybersecurity; the substantial doubt about our ability to continue as a going concern; the effects of major public health issues, epidemics or pandemics on our product revenues and any future clinical trials; our potential need to raise additional capital; Fortress controls a voting majority of our common stock, which could be detrimental to our other shareholders; as well as other risks described in Part I, Item 1A, “Risk Factors,” in our Annual Report on Form 10-K for the year ended December 31, 2024, subsequent Reports on Form 10-Q, and our other filings we make with the SEC. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Company Contact:Jaclyn Jaffe (781) 652-4500ir@jmcderm.com Media Relations Contact:Tony Plohoros6 Degrees(908) 591-2839tplohoros@6degreespr.com Use of Non-GAAP Measures: In addition to the GAAP financial measures as presented in our Form 10-Q that will be filed with the Securities and Exchange Commission (“SEC”), the Company has, in this press release, included certain non-GAAP measurements, including Adjusted EBITDA, Adjusted EBITDA per share basic and Adjusted EBITDA per share diluted. We define Adjusted EBITDA as net income (loss) excluding interest, taxes and depreciation, less certain other non-cash and infrequent items not considered to be normal, recurring operating expenses, including, share-based compensation expense, amortization and impairments of acquired intangible assets, inventory step-ups from the purchases of intangibles assets and products, severance, short-term research and development expense and foreign exchange transaction losses. In particular, we exclude the following matters for the reasons more fully described below: Share-Based Compensation Expense: We exclude share-based compensation from our adjusted financial results because share-based compensation expense, which is non-cash, fluctuates from period to period based on factors that are not within our control, such as our stock price on the dates share-based grants are issued. Non-core and Short-term Research and Development Expense: We exclude research and development costs incurred principally in connection with Emrosi, which was the only product in our portfolio not currently approved for marketing and sale during the prior-year reporting period, because we do not consider such costs to be normal, recurring operating expenses that are core to our long-term strategy. Instead, our long-term strategy is focused on the marketing and sale of our core FDA-approved dermatological products and the out licensing our intellectual property and related technologies. Amortization and impairments of Acquired Intangible assets: We exclude the impact of certain amounts recorded in connection with the acquisitions of intangible assets that are either non-cash or not normal, recurring operating expenses due to their nature, variability of amounts, and lack of predictability as to occurrence and/or timing. These amounts may include non-cash items such as the amortization impairments of acquired intangible assets and amortization of step-ups of acquisition accounting adjustments to inventories. Adjusted EBITDA per share basic and Adjusted EBITDA per share diluted are determined by dividing the resulting Adjusted EBITDA by the number of shares outstanding on an actual and fully diluted basis. Management believes the use of these non-GAAP measures provide meaningful supplemental information regarding the Company’s performance because (i) it allows for greater transparency with respect to key measures used by management in its financial and operational decision-making, (ii) it excludes the impact of non-cash or, when specified, non-recurring items that are not directly attributable to the Company’s core operating performance and that may obscure trends in the Company’s core operating performance and (iii) it is used by institutional investors and the analyst community to help analyze the Company's results. However, Adjusted EBITDA, Adjusted EBITDA per share basic, Adjusted EBITDA per share diluted and any other non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. Further, non-GAAP financial measures used by the Company and the manner in which they are calculated may differ from the non-GAAP financial measures or the calculations of the same non-GAAP financial measures used by other companies, including the Company’s competitors. The table below provides a reconciliation from GAAP to non-GAAP measures: The Company’s non-GAAP results in the table above reflect an Adjusted EBITDA loss of $0.9 million, or $(0.04) per share basic and diluted, for the first quarter of 2025, compared to Adjusted EBITDA income of $11,000, or $0.00 per share basic and diluted, for the first quarter of 2024. Adjusted EBITDA, Adjusted EBITDA per share basic and Adjusted EBITDA per share diluted are non-GAAP financial measures, each of which are reconciled to the most directly comparable financial measures calculated in accordance with GAAP above. Released May 14, 2025

本周药品注册受理数据，分门别类呈现，一目了然。(4.27-5.5）新药上市申请药品名称企业注册分类受理号索托克拉片百济神州(苏州)生物科技有限公司1CXHS2500043索托克拉片百济神州(苏州)生物科技有限公司1CXHS2500042索托克拉片百济神州(苏州)生物科技有限公司1CXHS2500041索托克拉片百济神州(苏州)生物科技有限公司1CXHS2500040左氨氯地平比索洛尔片(Ⅱ)施慧达药业集团(吉林)有限公司2.3CXHS2500039左氨氯地平比索洛尔片(Ⅰ)施慧达药业集团(吉林)有限公司2.3CXHS2500038新药临床申请药品名称企业注册分类受理号注射用HRS8179北京盛迪医药有限公司1CXHL2500436HRS-1893片山东盛迪医药有限公司1CXHL2500431MDI-1228_mesylate凝胶迈英诺医药科技(珠海)有限公司1CXHL2500435MDI-1228_mesylate凝胶迈英诺医药科技(珠海)有限公司1CXHL2500434MDI-1228_mesylate凝胶迈英诺医药科技(珠海)有限公司1CXHL2500433MDI-1228_mesylate凝胶迈英诺医药科技(珠海)有限公司1CXHL2500432SYN608片杭州圣域生物医药科技有限公司1CXHL2500430SYN608片杭州圣域生物医药科技有限公司1CXHL2500429DF-003胶囊上海药苑生物科技有限公司1CXHL2500428DF-003胶囊上海药苑生物科技有限公司1CXHL2500427DF-003胶囊上海药苑生物科技有限公司1CXHL2500426G201-Na胶囊石家庄以岭药业股份有限公司1CXHL2500425G201-Na胶囊石家庄以岭药业股份有限公司1CXHL2500424ABP-745片杭州新元素药业有限公司1CXHL2500418ABP-745片杭州新元素药业有限公司1CXHL2500417ABP-745片杭州新元素药业有限公司1CXHL2500416177Lu-HX02注射液核欣(苏州)医药科技有限公司1CXHL2500413WS-019湖北午时药业股份有限公司2.2CXHL2500415雷美替胺双释片南京三迭纪医药科技有限公司2.2CXHL2500420OLP-210片深圳奥礼生物科技有限公司2.2CXHL2500423OLP-210片深圳奥礼生物科技有限公司2.2CXHL2500422OLP-210片深圳奥礼生物科技有限公司2.2CXHL2500421GBI268注射液苏州智耀生物科技有限公司2.2CXHL2500414甲磺酸阿帕替尼片江苏恒瑞医药股份有限公司2.4CXHL2500419FL115注射液苏州复融生物技术有限公司1CXSL2500350BAT4406F注射液百奥泰生物制药股份有限公司1CXSL2500349人脐带间充质干细胞注射液深圳市北科生物科技有限公司1CXSL2500348注射用BGB-B3227广州百济神州生物制药有限公司1CXSL2500347注射用重组病毒巨噬细胞炎性蛋白广州弘润生物科技有限公司1CXSL2500346靶向CD19和CD22 的嵌合抗原受体自体T细胞注射液上海医药集团生物治疗技术有限公司1CXSL2500344注射用YL242苏州宜联生物医药有限公司1CXSL2500343IMD101 注射液上海英脉德医疗科技有限公司1CXSL2500339BBT001注射液杉竹曜(北京)生物医药科技有限公司1CXSL2500342NouvNeu004睿健毅联医药科技(成都)有限公司1CXSL2500341注射用SKB518四川科伦博泰生物医药股份有限公司1CXSL2500334PM8002注射液普米斯生物技术(珠海)有限公司1CXSL2500333注射用DB-1311映恩生物制药(苏州)有限公司1CXSL2500337注射用BL-B01D1成都百利多特生物药业有限责任公司1CXSL2500332依沃西单抗注射液康方赛诺医药有限公司2.2CXSL2500345SHR-8068注射液苏州盛迪亚生物医药有限公司2.2CXSL2500340SHR-8068注射液苏州盛迪亚生物医药有限公司2.2CXSL2500338贝伐珠单抗注射液苏州盛迪亚生物医药有限公司2.2CXSL2500336阿得贝利单抗注射液上海盛迪医药有限公司2.2CXSL2500335仿制药申请药品名称企业注册分类受理号碳酸司维拉姆干混悬剂金陵药业股份有限公司南京金陵制药厂3CYHS2501638美洛昔康注射液浙江圣兆药物科技股份有限公司3CYHS2501635硫代硫酸钠注射液海南卓科制药有限公司3CYHS2501634复方电解质醋酸钠注射液浙江赛默制药有限公司3CYHS2501623法莫替丁注射液山东新华制药股份有限公司3CYHS2501619坎地氢噻片桂林华信制药有限公司3CYHS2501617重酒石酸间羟胺注射液上海现代哈森(商丘)药业有限公司3CYHS2501612复合磷酸氢钾注射液河北天成药业股份有限公司3CYHS2501611布美他尼注射液国药集团容生制药有限公司3CYHS2501608盐酸利多卡因凝胶舒美奇成都生物科技有限公司3CYHS2501605盐酸倍他司汀片锦州九泰药业有限责任公司3CYHS2501601小儿多种维生素注射液(13)合肥市未来药物开发有限公司3CYHS2501600螺内酯口服混悬液成都倍特得诺药业有限公司3CYHS2501599复方聚乙二醇(3350)电解质口服溶液澳诺(中国)制药有限公司3CYHS2501587富马酸氯马斯汀口服溶液广东华南药业集团有限公司3CYHS2501592苯溴马隆片浙江江北药业有限公司3CYHS2501591琥珀酸亚铁片陕西巨成生物医药生产力促进中心有限公司3CYHS2501589磷酸奥司他韦颗粒重庆万霖生物医药科技有限公司3CYHS2501595沙库巴曲缬沙坦钠片山东新华制药股份有限公司4CYHS2501636布瑞哌唑片北京仁众药业有限公司4CYHS2501628盐酸奥洛他定滴眼液广州维奥康药业科技有限公司4CYHS2501637盐酸特比萘芬喷雾剂四川美大康华康药业有限公司4CYHS2501633硫酸特布他林雾化吸入用溶液云南龙海天然植物药业有限公司4CYHS2501632注射用阿立哌唑丽珠集团丽珠制药厂4CYHS2501631骨化三醇软胶囊浙江华润三九众益制药有限公司4CYHS2501630二甲双胍恩格列净片(I)北京康立生医药技术开发有限公司4CYHS2501629厄贝沙坦氢氯噻嗪片广州白云山天心制药股份有限公司4CYHS2501627盐酸贝尼地平片珠海优润医药科技有限公司4CYHS2501626钆塞酸二钠注射液广州康臣药业有限公司4CYHS2501625米库氯铵注射液浙江恒研医药科技有限公司4CYHS2501624左氧氟沙星片常州兰陵制药有限公司4CYHS2501622利丙双卡因乳膏广东泰恩康制药厂有限公司4CYHS2501621玻璃酸钠滴眼液北京仁众药业有限公司4CYHS2501620艾拉莫德片江苏悦兴药业有限公司4CYHS2501616氧(液态)四川盈德万华气体有限公司4CYHS2501615阿达帕林凝胶浙江寰领医药科技有限公司4CYHS2501614孟鲁司特钠片重庆药友制药有限责任公司4CYHS2501613二甲双胍恩格列净片(I)涿州东乐制药有限公司4CYHS2501618佩玛贝特片湖南科伦制药有限公司4CYHS2501610二十碳五烯酸乙酯软胶囊博瑞制药(苏州)有限公司4CYHS2501609盐酸乙哌立松片湖南九典制药股份有限公司4CYHS2501607甲磺酸溴隐亭片广州大光制药有限公司4CYHS2501606达格列净二甲双胍缓释片(III)北京四环科宝制药股份有限公司4CYHS2501603达格列净二甲双胍缓释片(I)北京四环科宝制药股份有限公司4CYHS2501602双氯芬酸二乙胺乳胶剂杭州朱养心药业有限公司4CYHS2501598阿达帕林凝胶唐山红星药业有限责任公司4CYHS2501604乳酸钠林格注射液湖南先施制药有限公司4CYHS2501588艾曲泊帕乙醇胺片鲁南贝特制药有限公司4CYHS2501586匹维溴铵片浙江恒研医药科技有限公司4CYHS2501593恩格列净片东北制药集团沈阳第一制药有限公司4CYHS2501590富马酸伏诺拉生片山东普瑞曼药业有限公司4CYHS2501584注射用头孢唑肟钠浙江恒研医药科技有限公司4CYHS2501597注射用头孢唑肟钠浙江恒研医药科技有限公司4CYHS2501596阿哌沙班片广东彼迪药业有限公司4CYHS2501594注射用吗替麦考酚酯四川科瑞德制药股份有限公司4CYHS2501585盐酸米诺环素泡沫剂上海则正医药科技股份有限公司4CYHL2500089倍氯米松福莫特罗吸入气雾剂合肥力成药业有限公司4CYHL2500088盐酸米诺环素泡沫剂深圳珐玛易药品科技有限公司4CYHL2500087进口申请药品名称企业注册分类受理号司替戊醇胶囊Biocodex5.1JXHS2500056司替戊醇胶囊Biocodex5.1JXHS2500055镥[177Lu] 特昔维匹肽注射液Novartis Pharma Schweiz AG5.1JXHS2500054帕博利珠单抗注射液Merck Sharp & Dohme LLC3.1JXSS2500051TQJ230注射液Novartis Pharma AG1JXHL2500103177Lu-HuJ591单抗注射液Telix Pharmaceuticals (Innovations) Pty Ltd1JXSL2500069Mezagitamab注射剂Takeda Development Center Americas, Inc.1JXSL2500067Mezagitamab注射剂Takeda Development Center Americas, Inc.1JXSL2500066VHB937注射用浓溶液Novartis Pharma AG1JXSL2500065中药相关申请药品名称企业注册分类受理号TFA003片杭州康恩贝制药有限公司2.1CXZL2500028百令胶囊杭州中美华东制药有限公司2.3CXZL2500027百令胶囊杭州中美华东制药有限公司2.3CXZL2500026注：绿色字体部分为潜在首仿品种；不包含原料药、医用氧、注射用水、氯化钠或葡萄糖注射液等申请，不包含再注册、一次性进口、技术转移、复审申请。