Here's Why Acorda Therapeutics Shares Sunk 15% Today [The Motley Fool]
Acorda Therapeutics, Inc. (ACOR)
Last acorda therapeutics, inc. earnings: 2/13 07:00 am
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Source: The Motley Fool
Wall Street is increasingly concerned about this biotech stock's future. Todd Campbell ( TMFEBCapital ) Dec 11, 2018 at 5:49PM What happened Acorda Therapeutics ( NASDAQ:ACOR ) shares fell 15% on Tuesday to $16.16 following word Goldman Sachs cut its rating to sell and reduced its price target on the biotech by nearly 50% to $10 per share. So what Goldman Sachs' pessimism stems from a recent court decision invalidating patents preventing generic competition to Ampyra, Acorda Therapeutics' multiple sclerosis drug. IMAGE SOURCE: GETTY IMAGES. The patent decision is a big blow to because Amprya accounted for $543 million of the company's $588 million in revenue in 2017 and $138 million of its $140 million in revenue in the third quarter of 2018. In addition to the prospect of declining revenue due to generic entrants, there's also
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ACOR
News
- Acorda Therapeutics, Inc. (NASDAQ: ACOR) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Acorda Therapeutics, Inc. (NASDAQ: ACOR) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Acorda Therapeutics Announces Nasdaq Delisting Notification [Yahoo! Finance]Yahoo! Finance
- Acorda Therapeutics Announces Nasdaq Delisting NotificationBusiness Wire
- CALM,PLAY and VNDA are among after hour movers [Seeking Alpha]Seeking Alpha
ACOR
Sec Filings
- 4/4/24 - Form 8-K
- 3/13/24 - Form 8-K
- ACOR's page on the SEC website