Here's Why Ra Pharmaceuticals Inc. Is Soaring Today [The Motley Fool]
RA PHARMACEUTICALS (RARX)
Last ra pharmaceuticals earnings: 11/7 07:00 am
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Source: The Motley Fool
Investors are cheering for successful results from a mid-stage trial with the company's lead candidate. Cory Renauer ( TMFang4apples ) Dec 10, 2018 at 3:26PM What happened Shares of Ra Pharmaceuticals Inc. ( NASDAQ:RARX ) , a clinical-stage biopharmaceutical company, are on the rise after its lead candidate hit the mark in a mid-stage study for the treatment of myasthenia gravis. The stock climbed 20.3% before settling back to a 9.4% gain as of 2:46 p.m. EST on Monday. So what Myasthenia gravis (MG) progressively weakens the muscles of around 60,000 U.S. adults and the only therapy specifically approved to treat the disorder is Soliris. This blockbuster treatment generates billions in top-line revenue for Alexion Pharmaceuticals ( NASDAQ:ALXN ) , and positive results from a phase 2 study with Ra's lead candidate, zilucoplan, suggest it
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