This Biotech Had A 'No Good, Very Bad Week' — And It Just Got Worse [Investor's Business Daily]
Acorda Therapeutics, Inc. (ACOR)
Last acorda therapeutics, inc. earnings: 2/13 07:00 am
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Source: Investors Business Daily
Related news Acorda Therapeutics ' ( ACOR ) "no good, very bad week" continued Friday as shares toppled for the ninth straight day after the Food and Drug Administration delayed its Parkinson's disease drug. In morning trading on the stock market today , Acorda stock dipped 3.8%, near 17.40, in higher-than-average volume . Shares have cratered 37% this month amid challenges for its multiple sclerosis drug Ampyra and Inbrija, its Parkinson's treatment. On Thursday, the FDA pushed back its review date for Inbrija to Jan. 5 from Oct. 5 previously. Raymond James analyst Laura Chico noted delays aren't unusual. But the FDA is likely worried about the complexity of Acorda's drug. Inbrija belongs to a drug class known as levodopa, or L-dopa. "In the context of the prior Inbrija RTF (refusal to file), and the fact that L-dopa remains a well-understood molecule, we continue to see this as more complicated than a traditional small molecule submission," Chico said in a note titled "A No Good, V
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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