iDoseTR Approval Sets Stage for Glaukos' Game-Changing Product, Surpassing Market Expectations, Says Analyst
Portfolio Pulse from Vandana Singh
The FDA approved Glaukos Corporation's (NYSE:GKOS) iDose TR for glaucoma treatment, with a cost of $13,950 per dose, exceeding the expected $3,000-$4,000 range. William Blair anticipates it to be Glaukos' most successful product, revolutionizing glaucoma treatment and estimates a market opportunity over $10 billion. The firm maintains an Outperform rating on GKOS, whose shares rose 4.74% to $79.33.
December 15, 2023 | 6:49 pm
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POSITIVE IMPACT
Glaukos Corporation's iDose TR approval by the FDA and its higher-than-expected pricing could significantly boost the company's revenue, with a market opportunity exceeding $10 billion. William Blair maintains an Outperform rating, and shares have already seen a positive reaction.
The FDA approval of iDose TR is a significant milestone for Glaukos, likely to lead to increased investor confidence and revenue growth. The higher pricing suggests strong profit potential, and the positive analyst outlook, along with the immediate stock price increase, indicates a bullish short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100