Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Net losses increased from $282.5 million to $367.3 million for the year ended December 31, 2022.
  • Nine states have passed laws allowing drug importation from Canada, with FDA approvals pending.
  • Cybersecurity risks have increased in frequency, sophistication, and intensity, potentially disrupting operations.
  • Accumulated deficit increased from $965 million to $1.332 billion as of December 31, 2023.
  • Several states have passed or are considering health privacy laws, impacting compliance risk.
  • Litigation challenges to the IRA's Drug Price Negotiation Program could have uncertain outcomes.
  • Cash, cash equivalents, and marketable securities increased from $1.2 billion to $1.3 billion as of December 31, 2023.
  • The Consolidated Appropriations Act delays the 4% PAYGO sequester through 2024, affecting Medicare.
  • The final rule on Medicare drug rebates was delayed to January 1, 2023, impacting pricing.
  • The Consolidated Appropriations Act extends the Medicare sequester into fiscal year 2032.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1655759&owner=exclude

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