Amicus Therapeutics: Cheap Heading Into 2025
Portfolio Pulse from
Amicus Therapeutics' shares have dropped 15% despite a profitable Q3 2024 and an improved FY24 outlook. The company markets Galafold and Pombiliti + Opfolda, with Galafold leading its market. A licensing deal with Teva supports future growth.
December 27, 2024 | 6:45 pm
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Amicus Therapeutics' shares have declined by 15% despite a profitable Q3 2024 and an improved FY24 outlook. The company benefits from a strong market position with Galafold and a strategic licensing deal with Teva.
The 15% drop in Amicus Therapeutics' stock price seems to be a market overreaction given the company's profitable Q3 and raised FY24 outlook. Galafold's market dominance and the licensing deal with Teva are positive indicators for future revenue growth, suggesting a potential rebound in stock price.
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IMPORTANCE 80
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