Uptrend Stocks Impax Laboratories Inc (IPXL); Regulus Therapeutics Inc (RGLS), And Veeva Systems Inc (VEEV)
New York, NY – GDP INSIDER – 01/09/2014.
Impax Laboratories Inc (NASDAQ:IPXL) edged up to a new 52-week high following FDA approval of its treatment for Parkinson’s disease. The regulator finally approved Rytary, a long-acting oral drug that comes in the form of a capsule. The FDA refused to approve Rytary two years ago citing quality control issues at Impax’s manufacturing plants. Therefore, the latest development comes as a big sigh of relief for the company as it can now significantly improve its top-line performance.
Analysts estimate that Impax Laboratories Inc (NASDAQ:IPXL) could generate up to $300 million in annual sale of Rytary.
Rytary is better than the existing standard treatments, and it could give hope of a better life for nearly 1 million people suffering from Parkinson’s disease in the U.S. alone.
Regulus Therapeutics Inc (NASDAQ:RGLS), under its so-called Clinical Map Initiative, intends to do exploits in 2015. The company is keen to expand its RNA-based drug pipeline and push its drug candidates to marketing approval. The management sees a lot of potential in their portfolio, and they are excited about their scientific and financial strengths in 2015.
Regulus Therapeutics Inc (NASDAQ:RGLS)’s hepatitis C treatment was recently found to be effective in combating the condition.
Veeva Systems Inc (NYSE:VEEV) edged up almost 5% following a positive mention by Stifel. The stock was upgraded to a “Buy” from a “Hold” and given $36 target price. Stifel initiated coverage of Veeva Systems about 14 months ago with a “Hold” rating and target price of $41. Now the firm admits that the company has performed really well over that period, but there is still more room for upside, although much of the ground seems to have been covered with regards to stock price.
Additionally, Veeva Systems Inc (NYSE:VEEV) is cited by Stifel as having surpassed the initial expectations with regards to R&D. Several other analysts have a positive view on the stock. Such include analysts at Deutsche Bank that also have a “Buy” recommendation on the stock.
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