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Prothena stock jumps nearly 40 percent on promising Parkinson's treatment results

Prothena's stock surged nearly 40% after promising results from a midstage study of its Parkinson's treatment, prasinezumab, partnered with Roche. Although the drug missed its primary goal, it showed a delay in motor worsening, particularly in patients using levodopa, suggesting potential for future trials. Analysts estimate Prothena could earn up to $275 million in royalties, despite concerns about the drug's modest efficacy and administration challenges.
Investor's Business Daily
Hoffmann-La Roche AG Prothena Corp PLC USA Brian Abrahams Allison Gatlin Michael Difiore Show more
Healthcare, Market Report
18:28 19.12.2024

biotech stocks show resilience as top companies report strong earnings

Biotech stocks have shown resilience, with Corcept Therapeutics leading the sector, reporting strong earnings and a robust pipeline. Harmony Biosciences focuses on its narcolepsy treatment, while ADMA Biologics faces challenges after an auditor's resignation. Ligand Pharmaceuticals and United Therapeutics also maintain strong positions, with significant sales growth and promising pipelines.
Investor's Business Daily
United States Dollar Euro Harmony Biosciences Holdings, Inc. United Therapeutics Corporation Ligand Pharmaceuticals Incorporated ADMA Biologics, Inc. Corcept Therapeutics Incorporated Allison Gatlin Roanna Ruiz Show more
Finance & Economy, Market Report
19:12 25.10.2024
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