With FDA Approvals in Hand, These 2 Biotech Stocks Are on Wall Street’s Radar [Yahoo! Finance News]
Seagen Inc. (SGEN)
Last seagen inc. earnings: 4/30 04:02 pm
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Source: Yahoo! Finance News
And we have a winner. After a long and arduous development process, only a few biotech names will emerge having attained the ultimate prize, an FDA approval. To get to this point, a company will need to successfully progress through several clinical phases of testing to ensure the product is both effective and safe.Given that only a few key factors indicate its trajectory during the development stage, shares can be sent soaring rapidly in either direction on account of news regarding study results or regulatory approvals. This is because if a candidate ultimately receives approval, it often signals that sustainable revenues are on the horizon.However, that’s not to say healthcare companies tap out on gains once they reach the finish line. Even after the FDA gives the all-clear, there’s still plenty of work to be done.Taking all of this into consideration, we usedTipRanks’ databaseUrogen Pharma URGN)Urogen is developing chemoablative agents for urological cancers using its cutting edge
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