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Stock impact report

Why Supernus Pharmaceuticals Plunged 15% Today [The Motley Fool]

Supernus Pharmaceuticals, Inc. (SUPN) 
Last supernus pharmaceuticals, inc. earnings: 2/25 04:40 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.supernus.com
Company Research Source: The Motley Fool
Why Supernus Pharmaceuticals Plunged 15% Today Shares slumped after the commercial-stage biopharma reported mixed results. In response to the company announcing mixed fourth-quarter results and issuing weak guidance, shares of Supernus Pharmaceuticals ( NASDAQ:SUPN ) , a biopharma focused on diseases of the central nervous system , slumped 15% on Wednesday. The headline numbers for the quarter were mixed: In other news, the FDA has accepted Supernus' New Drug Application for SPN-812 as a potential treatment for ADHD. A target action date of Nov. 8, 2020, has been set. The company plans to launch the drug in the fourth quarter of 2020 if everything goes according to plan. Meanwhile, management decided to halt all development activities of a compound called SPN-810 after the drug failed to produce the desired result in a phase 3 trial. Supernus CEO Jack Khattar commented: For 2020, management believes that net product sales will range between $360 million and $390 million. The midpoint Show less Read more
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