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Stock impact report

Alzheimer’s Drug Could Mean $2 Billion Opportunity for Axovant [Bloomberg Business News]

Axon Enterprise, Inc. (AXON) 
Last axon enterprise, inc. earnings: 2/7 04:15 pm Check Earnings Report
For a disease without a cure, and a field of drug development prone to disappointments , Axovant Sciences may be the next great hope. By month’s end, pivotal results from testing Axovant’s experimental intepirdine as a treatment for patients with mild to moderate Alzheimer’s disease could point the way toward a new option for patients and set the company up to generate more than $2 billion in sales by 2023, according to estimates compiled by Bloomberg. Positive Phase 3 data might spur shares to quadruple from recent levels, said Jefferies analyst Michael Yee, who views Axovant as an “attractive tuck-in” for a larger neurological-focused company. Yee sees a “big asymmetric upside potential on the Alzheimer’s data” and forecasts peak sales of $2 billion to $4 billion per year, if the therapy wins regulatory approval. The stock on Friday traded as high as $27.98, the highest intraday since June 2015, the month Axovant went public. Shares had rallied more than 40 pe Show less Read more
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