Neurocrine Biosciences' Crenessity Approval Sets Stage For Diversified Revenue And Growth
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Neurocrine Biosciences has received approval for Crenessity, a treatment for CAH, which is expected to significantly boost its revenue. Ingrezza remains the primary revenue driver with projected sales of $2.3 billion in 2024. The company has a robust pipeline with multiple programs in various phases, indicating diversified growth potential.
December 18, 2024 | 3:30 pm
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Neurocrine Biosciences' approval of Crenessity for CAH treatment is expected to significantly enhance its revenue stream, with peak sales projected at $1.47 billion by 2030. Ingrezza remains a key revenue driver with $2.3 billion forecasted for 2024. The company's diverse pipeline suggests strong future growth potential.
The approval of Crenessity is a major milestone for Neurocrine, offering a new revenue stream with significant sales potential. Ingrezza's strong sales forecast further solidifies the company's financial position. The diverse pipeline indicates ongoing growth opportunities, making the stock likely to appreciate in the short term.
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