{ }
001122334455554433221100
001122334455554433221100
Symbol APLS
Name Apellis Pharmaceuticals, Inc.
Currency USD
Sector Health Care
IndustryGroup Pharmaceuticals, Biotechnology & Life Sciences
Industry Biotechnology
Market NASDAQ Global Select
Country United States
State MA
City Waltham
Zipcode 2451
Website http://www.apellis.com

complement 3 glomerulopathy pipeline advancements and emerging therapies in 2024

Complement 3 Glomerulopathy (C3G) is a rare kidney disorder marked by abnormal C3 protein deposits in the glomeruli. Key companies like Q32 Bio, Novartis, and Kira Pharmaceuticals are developing therapies such as KP104 and zaltenibart, with ongoing clinical trials aimed at addressing this condition's unmet medical needs. Recent advancements include Kira's promising Phase 2 results for KP104 and Omeros Corporation's FDA designation for zaltenibart, targeting this progressive disease primarily affecting children and young adults.

Apellis Pharmaceuticals Shares Rise 18.4 Percent After Mixed Earnings Report

Apellis Pharmaceuticals reported a wider-than-expected loss of 46 cents per share for Q3 2024, compared to a loss of $1.17 per share a year ago. Total revenues reached $196.8 million, driven by strong sales of Syfovre, which generated $152 million, up 101.8% year over year, despite missing estimates. Empaveli sales rose to $24.6 million, and licensing revenues increased by 81.3%, while general and administrative expenses decreased by 16.2%.

apellis pharmaceuticals reports wider than expected loss and revenue miss

Apellis Pharmaceuticals, Inc. reported a Q3 loss of $0.46 per share, missing estimates and showing a significant improvement from a loss of $1.17 per share a year ago. Revenues of $196.83 million also fell short of expectations, despite a year-over-year increase from $110.4 million. The company's stock has declined 52.3% this year, and it currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.

us stock market gains led by tesla and nvidia amid election uncertainty

The U.S. stock market saw significant gains, with the S&P 500 rising 1.1%, the Dow Jones up 0.8%, and the Nasdaq jumping 1.2%, driven by key players like Tesla and Nvidia. Notable movers included 8x8 Inc. soaring 23.92% after strong quarterly results, while Archer-Daniels-Midland fell 8.52% due to disappointing earnings. Other significant shifts included Cummins Inc. climbing 8.69% and Bioventus plummeting 18.71% after missing margin expectations.

apellis pharmaceuticals set to report earnings with mixed expectations

Apellis Pharmaceuticals, Inc. (APLS) is anticipated to report a quarterly loss of $0.32 per share, reflecting a 72.7% year-over-year improvement, with revenues expected to reach $198.89 million, an 80.2% increase. The consensus EPS estimate has been revised 8.61% lower in the past month, indicating analysts' reassessment of the company's performance. The upcoming earnings report on November 5 will be crucial, as actual results compared to expectations could significantly impact the stock price.
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