Here's Why Portola Pharmaceuticals Fell 11% Today [The Motley Fool]
PORTOLA PHARMACEUTICALS (PTLA)
Last portola pharmaceuticals earnings: 2/26 04:01 pm
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Source: The Motley Fool
The company's struggling to make the shift to commercial-stage biotech, and recent news raises questions on when this will change. Todd Campbell ( TMFEBCapital ) Dec 13, 2018 at 4:45PM What happened Shares in Portola Pharmaceuticals ( NASDAQ:PTLA ) fell 11% on Thursday. This came after the company reported on Dec. 11 that European regulators are delaying a key decision on its next-generation manufacturing process, and ahead of a decision by the Food and Drug Administration on that same process later this month. So what Portola Pharmaceuticals has secured the FDA's OK for two distinct medications, but so far, sales of these drugs are falling far shy of the company's expenses. That's forcing the company to rethink its strategy. IMAGE SOURCE: GETTY IMAGES. The company reported that sales of Bevyxxa, a factor Xa anticoagulant for use in
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