Adamas Pharmaceuticals Inc (ADMS) Q4 2018 Earnings Conference Call Transcript
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Logo of jester cap with thought bubble.

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Adamas Pharmaceuticals Inc (NASDAQ: ADMS)
Q4 2018 Earnings Conference Call
March 04, 2019, 4:30 p.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:

Operator

Good day, ladies and gentlemen, and thank you for standing by. Welcome to Adamas Fourth Quarter 2018 Financial Results Conference.

At this time, all participants are in a listen-only mode. (Operator Instructions) And now it's my pleasure to turn the call to Mike Bigham of Investor Relations.

Mike Bigham -- Investor Relations

Thank you, operator, and good afternoon, everyone. Before we begin, I would like to remind everyone that this call will contain forward-looking statements, which are subject to risks and uncertainties. Any statements regarding future events, results or expectations are forward-looking statements. Please note that these forward-looking statements reflect our opinions only as of the date of this call. We undertake no obligation to revise or update these forward-looking statements in light of new information or future events. Information concerning factors that could cause actual results to differ materially from those contained in or implied by such forward-looking statements are discussed in greater detail in our Form 10-K filed with the SEC today.

I'll now turn like to turn the call over to Dr. Greg Went our Chairman and Chief Executive Officer.

Gregory T. Went -- Co-Founder, Chairman & Chief Executive Officer

Thank you, Mike, and good afternoon, everyone. Thank you for joining us today. I'm here with Alf Merriweather, our Chief Financial Officer and Dr. Rajiv Patni, our Chief Medical Officer.

As we reflect on our first year commercialization of GOCOVRI, we are pleased to have closed out the year with $34 million in sales and approximately 15,500 total prescriptions. More importantly, we brought the significant benefits of GOCOVRI to Parkinson's patients to reduce both dyskinesia and OFF time.

As we look forward to 2019 with a strong year-end cash position, we are focused on the two most immediate drivers of value to patients and shareholders alike. First, we are focused on advancing the commercialization of GOCOVRI and second, we continue to advance a potential additional indication for GOCOVRI for the treatment of walking impairment in patients with multiple sclerosis.

As we disclosed earlier in the year, we expect to have top line data in the second half of this year from our ongoing Phase III study in this population. Rajiv will provide more information on this opportunity later in the call.