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Calliditas recorded Q4 Tarpeyo sales of SEK 169m which is slightly below our and the markets expectations. The number of unique (US) subscribers has increased by 34% to 642 in Q4 (from Q3). Calliditas provides the first full year Tarpeyo sales guide for 2023 (strict US product sales) and this is a USD range of USD 120m to 150m. The high range of this guide is very close to Redeye and the market consensus ahead of the full year.
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