. He reiterated a buy rating on the biopharma on July 15, citing a new study evaluating vadadustat for coronavirus-related acute respiratory distress syndrome.
The investigator-sponsored, placebo-controlled study is conducted under an investigational new drug application filed with the Food and Drug Administration for up to 300 adult patients with coronavirus related hypoxemia. Hypoxemia is a below-normal level of oxygen in the blood, that can signal breathing or circulation-related difficulties.
Arce believes Akebia's lead product candidate vadadustat could be efficacious in preventing lung injury in patients who experience acute respiratory distress syndrome, and protecting other organs, according to a report on July 15. However, his valuation on the company is primarily based on vadadustat's potential US approval for anemia due to chronic kidney disease.
This means that the upcoming top-line data readout in mid-2020 from the second Phase 3 pivotal program of vadadustat in non-dialysis-dependent kidney disease is the next major milestone for the stock, says the analyst. He calculates for an early 2022 launch for vadadustat with a $2.8 billion peak U.S. sales in 2030. He has a $17Arce is ranked 265 out of over 6,750 analysts, thanks to a 17.7% average return per rating.
Source: News Formal (newsformal.com)
Day trading a put on Apple tomorrow after seeing this
More like long term losses. By 2027 Apple will be gone. You invest in companies at the initial cycle of bell curve, not at the top of curve from where it's just a downward spiral
Ground breaking stuff here 👏🏻👏🏻
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hayley Williams, Elton John Chat About Artistry on Apple MusicArtists discuss Williams’ latest album, Petals for Armor, and finding “little epiphanies” through their work Elton John is my favorite artist ever. He’s my musical hero. When I told a friend that Elton John was a cake brought to life by a child's wish, my friend laughed at me. Well, who's laughing now Reggie?
Source: RollingStone - 🏆 483. / 51 Read more »
Jony Ive: Apple design legend curates RCA 2020 graduate collection - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
EW’s BINGE: RuPaul's Drag Race Season 3 on Apple PodcastsIt’s recap time! ⏰ Listen to the full third episode of the ‘EW’s BINGE: RuPaul’s Drag Race’ here:
Source: EW - 🏆 713. / 51 Read more »
Reuters Top News @ReutersBrazil's President Bolsonaro walks outside the palace after testing positive for COVID-19 Idiotisk See: all is well. Time for a reopen
Source: Reuters - 🏆 2. / 97 Read more »
U.S. Coronavirus Cases Top 3.7 MillionThe U.S. added more than 63,000 new coronavirus infections on Saturday, while officials are still at loggerheads over whether it should be mandatory for people to put on masks outside the home. the numbers are inflated or just plain wrong Wearing masks does nothing if they are worn improperly. Nice picture in your fake news BS thumb. So, we do tens of millions of tests, find 3.7 million infected (many of these are infected are multiple tests on the same person.) and you're shocked?
Source: WSJ - 🏆 98. / 63 Read more »
Worldwide coronavirus deaths top 600,000 as cases rise in India, South AfricaCountries from the U.S. to South Africa to India are struggling to hold down rising rates of the coronavirus as global deaths from COVID-19 surged past 600,000 South Africa is in a unique position that the deaths are very minimal! JJ_Stellies 🤣 JJ_Stellies Fear mongering again. No mention of South Africa's low mortality rate.
Source: latimes - 🏆 11. / 82 Read more »