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
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Source: Bloomberg Business News
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
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News
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- Earnings Growth & Price Strength Make Axon Enterprise (AXON) a Stock to Watch [Yahoo! Finance]Yahoo! Finance
- Axon Enterprise, Inc. (NASDAQ: AXON) had its price target raised by analysts at JPMorgan Chase & Co. from $330.00 to $365.00. They now have an "overweight" rating on the stock.MarketBeat
- Axon Enterprise (AXON) Banks on Solid Product Demand Amid Risks [Yahoo! Finance]Yahoo! Finance
AXON
Earnings
- 2/27/24 - Beat
AXON
Sec Filings
- 4/19/24 - Form POSASR
- 4/15/24 - Form DEFA14A
- 4/15/24 - Form DEFA14A
- AXON's page on the SEC website