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Michael Weiss

Great and thanks Jenna, and thanks everyone for joining us this morning. I'm really excited to be able to host this call. Just following the actions conference that was held last week. These meetings are really so energizing for me. They're great venues, not only to present and review data, but to interact with so many healthcare providers all in one place.
And I have to say, by and large, the feedback on BRIUMVI and the TG team was overwhelmingly positive. You don't know how gratifying it is to hear how our team can make a real impact on the patient experience. And even more gratifying is to hear the stories from healthcare providers of how BRIUMVI is impacting their patients, especially challenging ones.
The anecdotes about patients who have challenging times on prior therapies and then followed by a positive experience on BRIUMVI is really why we do, I, myself, and everyone at TEG do what we do every day. So, with that, I thought I turned to the business of today. 2024 was an exciting year for TG, marked by outperformance and growth across various aspects of our business.
As noted at the JPMorgan conference, our full year 2024 U.S. revenues of $310 million far exceeded our target guidance heading into the year, which we believe is reflective of the value BRIUMVI brings to those living with MS. The team made significant progress also during the year launching and enrolling clinical trials to improve the patient experience on BRIUMVI, which led to the presentation of several meaningful data sets during the course of 2024.
And most recently we updated our enhanced study at the actual conference. You may recall in 2024, we presented the first data emerging from the enhanced trial where we demonstrated the preliminary safety of a 30-minute maintenance of fusion as well as the feasibility of switching individuals from another anti-CD20 to BRIUMVI without the need for the four-hour introductory dose.
At Atriums we updated the 30-minute cohort showing a consistent safety and tolerability profile as previously presented, now with over 80 patients treated with a 30-minute infusion. In addition to our company sponsored studies, presented at Atriums, Doctor John Foley from the Rocky Mountain Multiple Sclerosis Clinic presented the first ever real-world experience data from his practice from over 160 individuals with MS treated with BRIUMVI.
The results seem to be consistent with the overall safety and tolerability of reality as seen in our ultimate 1 or 2 clinical trials. And interestingly, in a subset of patients previously treated with the Ocrevus, who experienced a wearing off effect between their Ocrevus infusions did not report this effect while on BRIUMVI.
And in that subset, there were 19 patients, and 16 of which, so 85%, did not experience the wearing off effect after switching to BRIUMVI. Since this is an independent presentation of externally generated data, it is not included in our publication's library, but I would encourage those who are interested to access the data through the Aron's website.
Also, during 2024, at the Actors conference in September at the Etrums conference, so very distinguishable. One is the European, that starts with the E, and the Atrums, which was last week, starts with an A. We presented the long-term follow-up data from the Open Label Extension study of the ultimate 1 and 2 phase 3 trials. The data showed after five years of BRIUMVI treatment, 92% of patients were free from disability progression.
And in the fifth year of treatment, an annualized relapse rate of 0.02 was observed. This is equivalent to one relapse occurring every 50 years of treatment. Additionally, the overall safety profile remained consistent over five years of continuous BRIUMVI treatment with no new safety signals emerging with prolonged usage.
With BRIUMVI being the newest entrant into the CD20 landscape, we believe this data was important to many ACPs and individuals with MS. I also wanted to share some clinical progress which we made during the year as well. Some of this -- or these studies, we haven't yet presented the data. Late in 2024, we started a new cohort to enhance study that combined the starting dose, which is 150 mg given over four hours.
And the first maintenance dose, which is 450 mg, given in one hour, two weeks later, and we combined that into one single 600 mg fusion. which effectively eliminates the need to get two infusions in the first two weeks of starting Brian. While we haven't presented data from this cohort yet, from the data we have seen in over 50 patients, we felt confident that this approach is achievable in a four-hour infusion, which is the same time frame as our currently approved starting dose.
We look forward to launching one or more pivotal trials this year with the goal of potentially incorporating all or some of the updates explored in the HD study into the IV BRIUMVI label as soon as possible. Another key effort for us is developing and commercializing a subcutaneous formulation of RMB, as we've discussed in the past.
Currently, the majority of MS patients starting on anti-CD20 will choose an IV delivered every six months. And the remainder nearly 40% are now choosing to self-administer a sub 2 at home. With almost 40% of new starts going on a self-administered sub cube, we believe sub cube BRIUMVI would represent a meaningful expansion opportunity for TG,
and most recently at the JPMorgan conference, we were pleased to share that we believe the preliminary data from our bioavailability studies support at least every other month dosing for sub cube BRIUMVI. The currently self-administered sub-Q is taken once per month, so if we are successful, we could cut the number of injections per year in half.
This is an exciting development for us, and we look forward to commencing a pivotal trial around the middle of the year and providing additional information on this program later this year. Beyond BRIUMVI in MS, I'm pleased to announce that we've started treating individuals with Myasthenia gravis or MG in the exploratory study.
We think MG is a good place for us to begin to explore BRIUMVI outside of MS and look forward to hopefully sharing some data later this year. We also plan to continue to evaluate other areas outside of MS where we believe BRIUMVI may offer a meaningful treatment option for patients.
And beyond BRIUMVI altogether, on the pipeline front, we were pleased to have announced in 2024 that we entered into a partnership with Precision Biosciences to acquire a worldwide license to develop azer-cel for autoimmune diseases. As an allogeneic, which means basically can be given off the shelf CD19 CAR-T therapy.
We believe Azer-cel has the potential to be first in class, best in class treatment for certain autoimmune diseases. Having said that, we believe there will be multiple winners in what we see as an extremely large market addressing a significant number of autoimmune diseases with CAR-T.
We are pleased to receive IND clearance for a phase one study evaluating azer-cel and progressive forms of multiple sclerosis, and we look forward to enrolling our first patients into the phase one study, hopefully very soon. As you can see, we made a lot of progress on all fronts in 2024, and we plan to carry that momentum into 2025.
One last but very important item I wanted to note. During 2024, we were incredibly pleased to have three new patents issued by the U.S. Patent and Trademark Office, providing patent protection for BRIUMVI through 2042 which included a composition of matter covering the glyco-engineered attributes of BRIUMVI.
In summary, 2024 was a year of continued strong execution by the TG team, including above expectations revenues for BRIUMVI. Expansion of the BRIUMVI patent portfolio with composition a matter of patent protection now through 2042. The launch of BRIUMVI outside the U.S. with our partners in NeuraxPharm.
The presentation of important data, including five-year follow-up data from the ultimate 1 and 2 trials, and data from the enhanced trial which we plan to use to support the launch of additional pivotal trials in 2025. And we also made significant progress with our clinical programs, including preliminary bioavailability of subcutaneous BRIUMVI. We treated individuals with MG with BRIUMVI and we opened our phase one evaluating AR cell in progressive forms of MS.
With that, let me hand the call over to Adam Waldman to write a more detailed review of the BRIUMVI U.S. launch in 2024, our early performance in '25, and our plans for the rest of the year.
Adam?

Adam Waldman

Thanks, Mike, and good morning, everyone. We are pleased to report another quarter of strong commercial performance, marking continued momentum as we close out 2024. Despite a new competitive entrant, we delivered significant quarter-over-quarter growth, reinforcing our confidence in BRIUMVI positioning and long-term potential in the relapsing MS market.
As reported at the JPMorgan conference in January fourth quarter U.S. net sales for BRIUMVI were $103.6 million, representing 24% growth quarter-over-quarter and 160% growth versus same quarter last year. That brought our full year 2024 revenues to $310 million, approximately 250% growth versus 2023.
The fourth quarter numbers and full year numbers exceeded our guidance and reflect the growing demand we are seeing from BRIUMVI. BRIUMVI is also gaining momentum internationally. As many of we partnered ex-N North America commercialization rights to NeuraxPharm, who launched BRIUMVI in Germany in February of 2024.
Since then, they have launched in a number of EU countries and the UK, and overall, the feedback from the EU has been positive, and we look forward to them continuing to expand the geographical reach of BRIUMVI in the future. Our differentiation strategy remains strong. The confidence physicians have demonstrated that continuing to prescribe BRIUMVI, underscores its importance in the adult RMS treatment paradigm.
Our recent five-year data and real-world experience continue to reinforce the unique value proposition of BRIUMVI, an efficient infusion combined with a proven efficacy and a consistent safety profile. The quarter-over-quarter growth we achieve validates the increasing confidence among prescribers and patients in BRIUMVI as a leading anti-CD20 option in RMS.
Our dynamic market share in the physician administered anti-CD20 segment is increasing, and we anticipate continued growth as physician experience and comfort with BRIUMVI increases. Additionally, our field teams have been highly effective in educating prescribers on the attributes of BRIUMVI with increasing adoption among high volume infusion centers and academic neurologists. We remain committed to expanding patient education efforts and optimizing the overall treatment experience.
The foundational work we have done throughout 2024, coupled with the strong adoption trends we are seeing today set the stage for continued growth in 2025. We will maintain our focus on driving deeper penetration in the RMS market, ensuring that BRIUMVI reaches as many eligible patients as possible.
Looking ahead to 2025, we expect multiple drivers to continue fueling our growth, including expansion into additional infusion centers, academic and community practices, direct to patient engagement efforts, increase real world evidence supporting BRIUMVI's efficacy, safety, and tolerability and strengthening perceptions around payer coverage and access.
We are off to a strong start in 2025. Despite the typical challenges inherent in Q1, enrollments and overall demand have been robust, with January and February being our highest month of total new patients into our hub since launch. We feel confident in how the year has started and are now estimating $115 million in U.S. BRIUMVI net revenue in Q1.
And believe we are on track to meet or exceed our full year U.S. guidance of $525 million. In closing, I want to thank our dedicated team for their relentless efforts in bringing BRIUMVI to people with RMS. Over the past two years we have built a strong foundational commercial infrastructure that has delivered exceptional results exceeding all expectations for the launch.
This success now provides a solid platform for which to build potential blockbuster products in MS and capitalize on other autoimmune disease opportunities going forward. We have the team, we have the capabilities and the leverage to drive future growth, including the opportunity to further strengthen our position in the RMS market with enhanced IV administration options and the development of a patient administered subcutaneous formulation of BRIUMVI.
We believe this new option has the potential to significantly expand our market opportunity, allowing us to compete more broadly across the RMS space with potentially best in class products in both the IV and subcutaneous markets. These advancements will help drive sustained growth for years to come.
We remain very excited about the future and look forward to updating you on the progress in the quarters ahead. With that, I'll turn it over to Sean to discuss our financials. Thank you.

Sean Power

Thank you, Adam, and thanks everyone for joining us. Earlier this morning, we reported our detailed fourth quarter and full year 2024 financial results in a press release, which is available on the investors and media section of our website. This morning I'll start with a discussion of our revenue for the fourth quarter in full year 2024, which Adam had briefly touched on.
We are pleased to report U.S. BRIUMVI net product revenue of $103.6 million during the fourth quarter. Our total net product revenue for the fourth quarter was $107.3 million, and in addition to U.S. net revenue, includes approximately $3.7 million of revenue for products sold to NeuraxPharm in support of the ex-U.S commercial launch.
For the full year we reported total global revenue of approximately $329 million which is predominantly comprised of $310 million in U.S. ex-U.S net product sales and a $12.5 million dollar milestone from our partner for the ex-U.S commercial launch of BRIUMVI. As mentioned, a moment ago, during the quarter, we recognized revenue for products sold to our partner NeuraxPharm.
It is worth noting that when looking at our COGS margin in the fourth quarter, it includes the cost of goods sold to our partner, which are of course sold at a margin significantly less than what we see commercially here in the U.S., thereby giving the appearance of having an unfavorable impact on our gross margin.
Absent this infrequent occurrence, when we recognize revenue related to the sale of goods to our partner, our gross margin has and should remain relatively consistent. On the expense side of the ledger, we commenced the year with 2024 OpEx guidance, excluding non-cash items of approximately $250 million.
And we're pleased to report that during the quarter and full year 2024, our operating expenses have remained well controlled and below our guided ranges. For the fourth quarter and full year 2024, our opEx was approximately $51 million and $206 million respectively. Earlier this year at the JPMorgan conference, we guided that we expect our operating expenses to be approximately $300 million for the full year 2025.
As a result of the continued strong BRIUMVI launch and a strategic and disciplined approach to spending, we are pleased to report GAAP net income of approximately $23 million. Or $0.15 per diluted share in both the three and12 month periods ending December 31, 2024.
And last but not least, I'll close by touching on our cash position. We ended the fourth quarter with approximately $311 million in cash equivalents, and investment securities. When excluding investments in inventory and share repurchases, we generated cash flow from operations in 2024, a trend which we expect to continue in 2025.
We believe our existing cash provides us with a strong financial position to continue to support the BRIUMVI commercialization. And invest in our research and development efforts and our business operations for the foreseeable future. With that, I will now turn the call back over to the conference operator to begin the Q&A.

Question and Answer Session

Operator

(Operator Instructions)
Prakhar Agrawal, Cantor Fitzgerald

Prakhar Agrawal

Hi, good morning and thank you for taking my questions and congrats on all the progress. So, maybe firstly, you mentioned about January and February being a strong growth and 2025 guide to meaningfully exceed the 525 moment that you gave.
So, maybe just give more color around that, what you're seeing, what are the biggest segments of growth, as you look towards the rest of the year. And secondly, [Ocros] has a high dose read out this year. Maybe if you can talk about where you see that product playing a role in the market, that would be super helpful. Thank you.

Adam Waldman

Mike, do you want me to take that. Perhaps, your phone is on mute.

Michael Weiss

Oh yeah, sorry about that, yeah, go ahead, Adam wants you to go ahead.

Adam Waldman

Yeah, Prakhar, thanks for the question. Our growth, we talked the first question about the growth. Our growth comes from, it's coming from a broad set of customers, with enrollment so far in in both, the academic and private clinic setting, a little bit more in academic now as I mentioned, I think in previous calls, academic hospitals now account for the majority of where we're seeing growth and our and our overall enrollments.
I think that's being driven by a lot of things, the number of things that we talked about in the call, the five-year data, the real-world experience, our expansion strategy, of course, with more people in the field versus we did we did a pretty significant expansion in 2024. So, all those things are driving our growth that we're seeing. And as I said, January and February were our best months in terms of new enrollments into our hub.
And then for the high dose, I'll just, I'll start, and I'll hand it over to Mike. It really depends on the profile. I mean, we haven't seen much in terms of what the profile looks like, what the safety profile looks like, what the infusion experience. So, really hard to comment until we know more.

Michael Weiss

Yeah, I'll just add to that. I think that's a fair point. We have very little to go on for the moment. We imagine it will be a relatively long infusion. I assume they'll figure out they'll try to put it into some sort of sub 2 to try to limit the time frame, but the volume will be pretty dramatic. So yeah, until we know more, I think we just have to wait and see.

Operator

Michael DiFiore, EVERCORE ISI

Michael DiFiore

Hey guys, thanks for taking my call and congrats on all the progress. Two for me. Obviously, it seems like the pivotal phase 3 subcutaneous trial for BRIUMVI may come around the middle of the year. To the extent that you can, I mean, has the sub-Q trial design been finalized and can you confirm whether Q2 months or Q3 months remains the target regimen and finally, just a follow up the expectations on growth to net for the balance of the year. Thank you.

Michael Weiss

Adam, why don't you go ahead and do the question, and I'll come back and do the sub cube.

Adam Waldman

Yeah. Yeah, we expect gross to net in the 70% to 75% range, with some fluctuations quarter to quarter, but that's what we're expecting.

Michael Weiss

And the sub 2, yeah, so the target is to get this going hopefully by the middle of the year in terms of the exact design that has not been finalized. We're still gathering more but we're still looking at the study design, in terms of whether it's going to be every two months or every three months. I think that's still yet to be determined, and it is plausible that we could end up with potentially studying two doses, in the phase 3.

Michael DiFiore

Got it thanks so much. You got it.

Operator

Ed White, H.C. Wainwright & Co.

Edward White

Great, thanks for taking my question. So just a follow up question on the sub 2 potential. How are you thinking about the size of that trial and the timing for enrollment seeing is that it's, a competitive market that's already penetrated.

Michael Weiss

Yeah, thanks for the question. So, the size of the child is most likely going to be similar to the studies that Ocrevus did for their sub-Q. I think we're talking about, somewhere around 200 per arm, probably a little bit less, trying to remember exactly what they are, maybe they're like 150 per arm, so it's not an incredibly large study. It's not a small study either.
But in terms of enrollment, I mean, we enrolled in the pivotal studies for BRIUMVI for1,000 patients in12 months or so. So, I don't know that enrollment's going to be the challenge. Here, I just think we just got to get ourselves in a position to get it going, but yeah, we're projecting about a 12-month enrollment period.

Edward White

Okay. It could be.

Michael Weiss

A little longer could be a little shorter, but give or take about a year, yeah, you got it okay.

Edward White

Thanks. And then just. I appreciate the OpEx guidance. How should we be thinking about that regarding SDNA versus R&D? The question on SDNA is just is the Salesforce right size now or continue to add there and are there any, marketing schemes going forward that might lead to increased SDNA cost?

Michael Weiss

Adam want to go ahead?

Adam Waldman

Yeah, sure, thanks Ed. So, on the salesforce, I think we'll look to strategically, continue to add people slowly over time where we see opportunity. So, I think there could be, but I don't I don't think those would be material expansions to SGNA, and then we do expect to do some patient, as we said in the past, we are and we said this morning, we'll be doing some things, on the patient side, but I'll let Sean or Mike comment to the materiality of that.

Michael Weiss

Yeah, I don't have any further comments, Sean, do you on that? No.

Sean Power

Nothing further at this time.

Michael Weiss

Ed, just a quick my crack staff was ready to go with a better answer than mine. So, I will tell you that we're probably looking at somewhere around 125 to 150 per arm, which is in line with the oper sub-Q study for the sub-Q arms.

Edward White

Okay, great. Thanks, Mike. Thanks for taking my questions.

Michael Weiss

Yes, thank you.

Operator

Eric Joseph, JPMorgan

Eric Joseph

Hi, good morning. Thanks for taking the questions. Just on your feedback and atriums, I'm wondering what the reception has been like to the enhanced trial data to the extent, docs are apt to modify use today based on the data that we're seeing so far and how much more would a formal label expansion drive utilization based on the feedback you're getting so far and then.
I guess looking to that end, I guess when, all said and done, would you expect to file an SBLA for a consolidated certain, enhanced, infusion, regimen?

Michael Weiss

Yeah, sure, thanks. Thanks, Eric. Yeah, so we actually did do some polling while we were there, asked a number of folks about that. What's interesting is if you recall, we, when we started the enhanced study for the Ocrevus switches, we did it because in large part because we had seen in the market that people were already taking folks on another CD20 and switching them.
To the BRIUMVI without going through the introductory dose and to be Honest, we had no experience with that whatsoever, and we really, wanted to make sure there was safety information around that in case we needed to give any further guidance to folks.
So, we got that going rather quickly, and we were able to enroll, obviously, a significant number of patients and, what we've seen is that, switching the patients without the 150 mg dose doesn't appear to cause any safety concerns. So, that was our biggest worry was safety of folks that were already in the field doing it.
We did ask people about that, and most people, that we had spoken to are already switching, without using the first introductory dose again. So that's out of our hands, obviously we don't, we certainly don't talk about that in terms of commercially talking about it, but we did ask that question. So, that one seems to be something that the community seems very comfortable with.
I'd say the other stuff that we're working on, including 30-min infusion, less likely that people will use a 30-minute infusion until there's proper instructions in the label. So, that's something we'll be working on as well. And then in terms of the front end consolidating the two doses into one dose that we give on day one, and we avoid, having to come back.
That's something I think we can get started on rather quickly. We hope to have the be a potentially a [Padufa] day or something like that, by mid '27. So, we'll keep you posted, but yeah, I think that's probably the one that could happen the fastest.
Second, would be the 30 minute, and we've stated previously that a full efficacy trial would be required to remove that switch dose, but for the moment, I think we feel comfortable providing safety information. Through medical, but I don't know that that's going to go into a federal trial at this time.

Eric Joseph

Okay, great. Maybe one follow up if I could just thinking about the myasthenia gravis expansion opportunity. I guess when you talk to neurologists, how are they thinking about sort of how broadly, any anti-CD20 approach might be adopted, particularly in relation to the anti-C5 and FCMM blockers?

Michael Weiss

Yeah, I mean, like I said previously, I mean, we are exploring MG. It was one that we've had on our list for a while. It's not as underserved as it as it used to be, but we do think there's room potentially for probably active, convenient, safe treatment option that could be potentially provided in a cost-effective way.
I mean, right now, the treatments for MG are, all on the highest scale of expenses and, we know BRIUMVI is quite cost effective in how we've priced it. So, I think there's room in in MG again, we we've said previously, we're not yet ready to plant the flag and say MG is our next development program, but we do think it's interesting we're just, we're doing a lot more work on it, and we'll be doing so all across this year as we look for other opportunities.
We do think there's, we do think, the CD19 slash CD20 opportunity across autoimmune diseases is large and whether it's, with something like BMI or there's some opportunity, of course, with CART across multiple different, autoimmune diseases. So, I think there's general enthusiasm.
I think there's general belief that these work, I mean, they're all, between, won't, don't speak much to the compliment side of it, but certainly between the CD19, CD20 landscape and the FCRN, I mean, you are working along a certain part of the continuum of, B cell to plasma to antibody, to do some strategies.
So, they're all similarly aligned in in ways and just where in that cascade you think you're going to have the best effect and the best long-lasting effect.

Eric Joseph

Great. Thanks for taking the questions.

Michael Weiss

You got it.

Operator

Mayank Mamtani, B. Riley Securities

Mayank Mamtani

Yes, good morning team. Thanks for taking our questions and congrats on a great start to 2025. Are you able to share the revenue split of new to BRIUMVI versus maintenance, patient segment, and just wondering, looking forward, has there been a change to an internal assumption when maintenance segment revenues exceed that of new patients?
And just a two-part question here on a dynamic market share basis, are you able to comment on what, where you stand based on how you look at switch from another DMT or CD20 LP?

Michael Weiss

Adam, you want to go ahead and give a crack and if I can add on top if necessary?

Adam Waldman

Yeah. Yes sure. Thanks for the question, Mike. As far as the revenue splits, I don't have that for you. I think what I've said in the past is that, early in 2025 we will start to see repeat prescriptions the majority of the prescriptions, that is forecasted to happen in the early part of 2025. That's our expectation. I can like provide more detail on that in the future.
And then as far as the dynamic market share, I think we said this at JPMorgan, we're getting about one in four patients on IV TD20 today, which represents about 60% of the market, but that number is increasing and certainly we expect that to increase throughout the year.

Mayank Mamtani

Great, and just, on the pipeline front, if you're able to give us some color on the size of the allergenic, CD20 study that you're starting enrollment shortly here and kind of what would be the timelines and maybe study objectives. I understand this would be those findings initially, but any, pharmacodynamic data that we could expect, would be helpful to get some color Mike. Thanks for taking your question.

Michael Weiss

Yeah, sure. So, that study is ready to launch. We're ready to receive patients. This study is not yet enrolled its first patients. So, I'd like to say we're going to have lots and lots of patients, Mayank, but so far, a bit of a slow start, out of the gate here. The goal, as you mentioned, is dose finding. So, first step is finding the right dose. Finding the right conditioning regimen that makes the most sense, in these patients and in this setting.
So, we've got a little bit of work to do there, and in terms of, outcomes for patients with progressive forms of MS, I mean, the ultimate goal is to slow or stop the progression. Unfortunately, that's not something that You will be able to see easily with a handful of patients. So, I don't think we're in this for some sort of miracle data that we give it, we give the car key to a person with aggressive forms of MS and all of a sudden you can see some dramatic effect.
Hopefully we'll be able to slow or stop that progression, which would be fantastic. There are biomarkers that could be looked at. There're some CNS biomarkers, all the clonal bands, would be interesting, certainly we'll look at FB cell depletion and repopulation. So, it's some of these biomarkers are out there, we can look at those, but I think at some point we'd have to just get enough conviction to move forward with the randomized, which is the only way for primary forms of progressive forms of MS.
And we said that, we're also looking to expand into other disease states, which I'd call adjacent or ancillary to MS and things we think we could do well to get started, and then we can think about further expansion of that opportunity, but I'd prefer probably at this point to start slow and let's do some dose finding and let's make sure we can have a safe, product that at least depletes B cells, effectively in folks with autoimmune diseases.

Mayank Mamtani

Great, very helpful. Thank you, Mike.

Michael Weiss

Thanks, Mayank. Appreciate it.

Operator

Thank you. We reached out of our question-and-answer session. I'd like to turn the floor back over to Mike for any further closing comments.

Michael Weiss

Great, thank you and thanks again everyone for joining today's call. We've been incredibly pleased with the progress made in 2'4 and of course looking forward to an exciting '25. I think you heard some really exciting developments both on the commercial front and the early enrollments that we're seeing given us a really nice feel for the year, just to restate some primary goals for us, commencing pivotal program for sub 2 BRIUMVI,
commencing one or more pivotal studies to enhance the overall patient experience with BRIUMVI, enrolling participants into the ongoing, trials, for BRIUMVI and Myasthenia gravis, enrolling hopefully as we discussed in this last question, our first patients into the phase one Asia cell study, and we'll continue to make presentations during the course of the year.
And as Adam described in great detail, really, continue to push hard to bring BRIUMVI as far and as wide as we can into the into the patient community in the U.S. and our partners Ex-US. So, with that again, I'll just thank everyone for joining us and have a great day.

Operator

Thank you that does conclude today's teleconference and webcast, and we just connect your line at this time and have a wonderful day. We thank you for your participation today.