(ABM FN-Dow Jones) The failed Phase 2 research study with a potential treatment for knee osteoarthritis is another blow to sentiment in Galapagos stock. Jefferies analysts said this Friday.
A Phase 2 ROCCELLA research study failed to achieve the primary end goal. Jefferies noted earlier that the risks surrounding this study were high and the success rate was 20 percent. According to Jefferies, a successful study was worth around 5 euros per share.
Despite the high risk of failure and relatively small contribution, the news puts further pressure on sentiment around the stock as focus on the pipeline has increased following the FDA’s negative opinion on filgotinib.
Jefferies maintains the Houden advice with a target price of 133.00 euros. Jefferies noted that the cash position is currently good at 90.00 euros per share, but also that the cash burn remains high.
ABM Financial News; [email protected]; Redactie: +31(0)20 26 28 999.
Share this article via:
Source link by https://www.beursduivel.be/Beursnieuws/603135/Beursblik-mislukte-artrosestudie-opnieuw-klap-voor-sentiment-Galapagos.aspx
*The article has been translated based on the content of Source link by https://www.beursduivel.be/Beursnieuws/603135/Beursblik-mislukte-artrosestudie-opnieuw-klap-voor-sentiment-Galapagos.aspx
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
These were the details of the news Stock market look: failed arthrosis study again blow to sentiment Galapagos for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at news1.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
