# EDGAR Filing Document

**Accession Number:** 0001368514
**File Stem:** 0000000000-25-008020
**Filing Date:** 2025-7
**Character Count:** 4803
**Document Hash:** b0afcf7c17f196412d924760dd71874c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-008020.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000000000-25-008020

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250730

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADMA BIOLOGICS, INC.
- **CENTRAL INDEX KEY:** 0001368514
- **STANDARD INDUSTRIAL CLASSIFICATION:** BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 562590442
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 001-36728

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ADMA BIOLOGICS, INC.
- **STREET 2:** 465 STATE ROUTE 17
- **CITY:** RAMSEY
- **STATE:** NJ
- **ZIP:** 07446
- **BUSINESS PHONE:** (201) 478-5552

**MAIL ADDRESS:**
- **STREET 1:** C/O ADMA BIOLOGICS, INC.
- **STREET 2:** 465 STATE ROUTE 17
- **CITY:** RAMSEY
- **STATE:** NJ
- **ZIP:** 07446

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** R&R ACQUISITION VI, INC
- **DATE OF NAME CHANGE:** 20060707
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001140361-25-009257

## Text-Extract

```

                                                            July 30, 2025

Brad Tade
Chief Financial Officer & Treasurer
ADMA Biologics, Inc.
465 State Route 17
Ramsey, New Jersey 07446

       Re: ADMA Biologics, Inc.
           Form 10-K for the fiscal year ended December 31, 2024
           Filed March 18, 2025
           File No. 001-36728
Dear Brad Tade:

       We have reviewed your July 23, 2025 response to our comment letter and
have the
following comment.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe
our comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.
Unless we note otherwise, any references to prior comments are to comments in
our July 23,
2025 letter.

Form 10-K for the fiscal year ended December 31, 2024
Management's Discussion and Analysis of Financial Condition and Results of
Operations,
page 68
Results of Operations, page 70

1.     Please address the following regarding your response to comment one.
From your
       recent earnings calls, it appears there has been a shift in the mix of
your three Immune
       Globulin (IG) products over the last eight quarters. During these
investor calls, you
       have been able to provide quantification of the shift between these
respective IG
       products, the shift of which appears to be of significant interest to
the investing
       community, especially leading up to and since the yield enhancement. As
you noted
       in your response, for the years ended December 31, 2024, 2023 and 2022,
the three IG
       Products represented 94%, 92% and 89%, respectively, of your total
revenue.
       Accordingly, a breakout that presents all three IG products as a single
unit, may not be
 July 30, 2025
Page 2

       as informative as one that separately quantifies each of them.
           Tell us how you specifically considered the guidance in Item
303(b)(2)(i) and (ii)
           of Regulation S-K in your analysis, since your IG products as a
whole constitute
           substantially all of your revenue and there may be sales trends for
each IG product
           within that group that warrant disclosure as seem to be referenced
in your
           earnings calls.
           Further, in applying the guidance of ASC 280-10-50-40, an enterprise
with a
           relatively narrow product line may not consider two products to be
similar, while
           an enterprise with a broad product line may consider those same two
products to
           be similar. Please amplify your discussion of your application of
ASC 280-10-50-
           40 to explain how you considered whether the concentration of
substantially all
           your revenues being from only three IG products would warrant
further
           disaggregation.
           As part of your response, please provide us with a sample breakdown
of revenue
           from the three IG products for recent periods.

       Please contact Jenn Do at 202-551-3743 or Kevin Vaughn at 202-551-3494
if you
have questions regarding comments on the financial statements and related
matters.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Life
Sciences

```

### Attached PDF Documents

**Attachment 1:** `filename1`

_No text found in this document._