Why Apellis Pharmaceuticals Stock Popped Today
Portfolio Pulse from Ryan Gustafson
Apellis Pharmaceuticals, Inc. (NASDAQ:APLS) reported strong demand for its product SYFOVRE, with preliminary U.S. revenue of approximately $74 million in Q3. The company distributed around 37,000 commercial vials and 10,000 samples to physician practices in Q3, and over 100,000 total vials have been delivered to date. Shares of APLS were up 6.73% at $40.15 at the time of publication.
October 05, 2023 | 7:24 pm
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Apellis Pharmaceuticals reported strong Q3 demand for SYFOVRE, leading to a rise in its stock price. The company's performance indicates a positive short-term impact on its stock.
The strong demand for SYFOVRE and the reported preliminary U.S. revenue of $74 million in Q3 indicate a positive financial performance for Apellis Pharmaceuticals. This has led to an increase in the company's stock price, suggesting a positive short-term impact.
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