AI Earnings Predictions for Heron Therapeutics Inc. (HRTX)

EX-99.1

2 hrtx-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Heron Therapeutics Announces Third Quarter 2026 Financial Results

• Q3 2026 net revenue of $35.3 million; ZYNRELEF® net revenue up 13.8% and APONVIE® net revenue up 49.3% compared to the third quarter of 2025

• Entered into a definitive agreement under which CorMedix Therapeutics will acquire substantially all of Heron’s assets, announced separately today

CARY, N.C., November 9, 2026 (GLOBE NEWSWIRE) - Heron Therapeutics, Inc. (Nasdaq: HRTX) (“Heron” or the “Company”), a commercial-stage biotechnology company focused on improving the lives of patients by developing and commercializing therapeutic innovations that improve medical care, today announced financial results for the three and nine months ended September 30, 2026 and recent corporate updates.

Business Highlights

• Heron generated total net revenue of $35.3 million in Q3 2026, compared to $38.2 million in Q3 2025 and $37.7 million in Q2 2026. Heron ended the third quarter with $23.4 million in cash, cash equivalents and short-term investments.

• Acute Care franchise updates: Net revenue increased 22.5% year-over-year for the three months ended September 30, 2026 and increased 32.4% year-over-year for the nine months ended September 30, 2026. ZYNRELEF® contributed $10.6 million and $31.9 million net revenue in the three and nine months ended September 30, 2026, respectively. APONVIE® contributed $4.5 million and $12.2 million net revenue in the three and nine months ended September 30, 2026, respectively.

• Oncology Supportive Care franchise updates: Net revenue was $20.1 million in the three months ended September 30, 2026 and $63.5 million in the nine months ended September 30, 2026. CINVANTI® contributed $20.0 million and $62.3 million in the three and nine months ended September 30, 2026, respectively. Commercial sales of SUSTOL® ceased on September 30, 2026.

• Proposed asset sale: In a separate press release issued today, Heron and CorMedix Therapeutics (“CorMedix”) announced that they have entered into a definitive asset purchase agreement under which CorMedix will acquire substantially all of the assets of Heron (the “Asset Sale”). The Asset Sale is subject to approval by Heron’s stockholders and other customary closing conditions. Additional information is available in that press release and in the Current Report on Form 8-K to be filed by Heron with the Securities and Exchange Commission (“SEC”).

Financial Guidance for 2026

As previously announced, the Company withdrew its full-year 2026 financial guidance in August 2026. The Company is not providing financial guidance at this time.

1

Net Revenue Performance – Three Months Ended September 30

(in thousands)

(unaudited)

2026

2025

Dollar Change

Percentage Change

Acute Care

$ 15,128

$ 12,347

$ 2,781

22.5%

APONVIE

$ 4,530

$ 3,034

$ 1,496

49.3%

ZYNRELEF

$ 10,598

$ 9,313

$ 1,285

13.8%

Oncology

$ 20,122

$ 25,866

($ 5,744)

(22.2%)

CINVANTI

$ 19,970

$ 23,955

($ 3,985)

(16.6%)

SUSTOL

$ 152

$ 1,911

($ 1,759)

(92.0%)

Total Net Revenue

$ 35,250

$ 38,213

($ 2,963)

(7.8%)

Net Revenue Performance – Nine Months Ended September 30

(in thousands)

(unaudited)

2026

2025

Dollar Change

Percentage Change

Acute Care

$ 44,088

$ 33,300

$ 10,788

32.4%

APONVIE

$ 12,200

$ 7,758

$ 4,442

57.3%

ZYNRELEF

$ 31,888

$ 25,542

$ 6,346

24.8%

Oncology

$ 63,539

$ 81,016

($ 17,477)

(21.6%)

CINVANTI

$ 62,298

$ 73,841

($ 11,543)

(15.6%)

SUSTOL

$ 1,241

$ 7,175

($ 5,934)

(82.7%)

Total Net Revenue

$ 107,627

$ 114,316

($ 6,689)

(5.9%)

2

Conference Call and Webcast

Heron will not host a conference call or webcast in connection with its third quarter 2026 financial results.

About ZYNRELEF® for Postoperative Pain

ZYNRELEF is the first and only extended-release dual-acting local anesthetic that delivers a fixed-dose combination of the local anesthetic bupivacaine and a low dose of nonsteroidal anti-inflammatory drug meloxicam. ZYNRELEF is the first and only extended-release local anesthetic to demonstrate in Phase 3 studies significantly reduced pain and significantly increased proportion of patients requiring no opioids through the first 72 hours following surgery compared to bupivacaine solution, the current standard-of-care local anesthetic for postoperative pain control. ZYNRELEF was initially approved by the FDA in May 2021 for use in adults for soft tissue or periarticular instillation to produce postsurgical analgesia for up to 72 hours after bunionectomy, open inguinal herniorrhaphy and total knee arthroplasty. In December 2021, the FDA approved an expansion of ZYNRELEF's indication to include foot and ankle, small-to-medium open abdominal, and lower extremity total joint arthroplasty surgical procedures. On January 23, 2024, the FDA approved ZYNRELEF for soft tissue and orthopedic surgical procedures including foot and ankle, and other procedures in which direct exposure to artic

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