We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Catalyst (CPRX) Posts Narrower-Than-Expected Loss in Q3
Read MoreHide Full Article
Catalyst Pharmaceuticals, Inc. (CPRX - Free Report) reported a loss of 5 cents per share in the third quarter of 2017, narrower than the Zacks Consensus Estimate of a loss of 6 cents. However, the figure was in line with the loss recorded in the year-ago quarter.
Being a development-stage company, Catalyst Pharma does not have any approved product in its portfolio yet. Hence, the company did not generate any revenues in the quarter.
So far this year, Catalyst Pharma’s share price has increased 184.8% compared with the industry’s gain of 1.5%.
Quarter in Detail
Research and development (R&D) expenses were $2.7 million, up 8.9% from the year-ago quarter. For the first nine months of 2017, the same remained substantial as the company continued its ongoing trials evaluating Firdapse for the treatment of Lambert-Eaton myasthenic syndrome (LEMS) and congenital myasthenic syndromes (CMS).
Also general and administrative expenses were $1.6 million, up 12.8%.
Pipeline Update
Currently, Catalyst Pharma has two candidates under development - Firdapse and CPP-115.
During the third quarter, the company completed enrollment in LMS-003, the second phase III study of Firdapse in LEMS patients. Catalyst Pharma expects to report top-line data from this study in December 2017. Additionally, it plans to resubmit its new drug application for Firdapse in the first quarter of 2018.
Meanwhile, the company is developing Firdapse for other indications including CMS and MuSK antibody positive myasthenia gravis (MuSK-MG). It expects to initiate MuSK-MG phase III study in the first quarter of 2018. Furthermore, Catalyst Pharma intends to complete enrollment in CMS-001 clinical trial for CMS patients and expects top-line results from CMS-001 study in the first half of 2018.
Zacks Rank & Stocks to Consider
Catalyst Pharma carries a Zacks Rank #3 (Hold). Some better-ranked health care stocks in the same space include Ligand Pharmaceuticals Incorporated , Exelixis, Inc. (EXEL - Free Report) and Adaptimmune Therapeutics plc . While Ligand sports a Zacks Rank #1 (Strong Buy), Exelixis and Adaptimmune carry a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
Ligand’s earnings per share estimates have moved up $3.68 to $3.70 for 2018 over the last 30 days. The company pulled off positive earnings surprises in two of the trailing four quarters, with an average beat of 6.19%. The share price of the company has increased 44.7% year to date.
Exelixis’ earnings per share estimates have moved up from 26 cents to 45 cents for 2017 and from 63 cents to 70 cents for 2018 over the last 30 days. The company delivered positive earnings surprises in all of the trailing four quarters, with an average beat of 572.92%. The share price of the company has increased 77% year to date.
Adaptimmune’s loss per share estimates have narrowed from 96 cents to 76 cents for 2017 and from 90 cents to 75 cents for 2018 over the last 60 days. The company came up with positive earnings surprises in two of the trailing four quarters, with an average beat of 24.79%. The share price of the company has increased 101.9% year to date.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Catalyst (CPRX) Posts Narrower-Than-Expected Loss in Q3
Catalyst Pharmaceuticals, Inc. (CPRX - Free Report) reported a loss of 5 cents per share in the third quarter of 2017, narrower than the Zacks Consensus Estimate of a loss of 6 cents. However, the figure was in line with the loss recorded in the year-ago quarter.
Being a development-stage company, Catalyst Pharma does not have any approved product in its portfolio yet. Hence, the company did not generate any revenues in the quarter.
So far this year, Catalyst Pharma’s share price has increased 184.8% compared with the industry’s gain of 1.5%.
Quarter in Detail
Research and development (R&D) expenses were $2.7 million, up 8.9% from the year-ago quarter. For the first nine months of 2017, the same remained substantial as the company continued its ongoing trials evaluating Firdapse for the treatment of Lambert-Eaton myasthenic syndrome (LEMS) and congenital myasthenic syndromes (CMS).
Also general and administrative expenses were $1.6 million, up 12.8%.
Pipeline Update
Currently, Catalyst Pharma has two candidates under development - Firdapse and CPP-115.
During the third quarter, the company completed enrollment in LMS-003, the second phase III study of Firdapse in LEMS patients. Catalyst Pharma expects to report top-line data from this study in December 2017. Additionally, it plans to resubmit its new drug application for Firdapse in the first quarter of 2018.
Meanwhile, the company is developing Firdapse for other indications including CMS and MuSK antibody positive myasthenia gravis (MuSK-MG). It expects to initiate MuSK-MG phase III study in the first quarter of 2018. Furthermore, Catalyst Pharma intends to complete enrollment in CMS-001 clinical trial for CMS patients and expects top-line results from CMS-001 study in the first half of 2018.
Zacks Rank & Stocks to Consider
Catalyst Pharma carries a Zacks Rank #3 (Hold). Some better-ranked health care stocks in the same space include Ligand Pharmaceuticals Incorporated , Exelixis, Inc. (EXEL - Free Report) and Adaptimmune Therapeutics plc . While Ligand sports a Zacks Rank #1 (Strong Buy), Exelixis and Adaptimmune carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ligand’s earnings per share estimates have moved up $3.68 to $3.70 for 2018 over the last 30 days. The company pulled off positive earnings surprises in two of the trailing four quarters, with an average beat of 6.19%. The share price of the company has increased 44.7% year to date.
Exelixis’ earnings per share estimates have moved up from 26 cents to 45 cents for 2017 and from 63 cents to 70 cents for 2018 over the last 30 days. The company delivered positive earnings surprises in all of the trailing four quarters, with an average beat of 572.92%. The share price of the company has increased 77% year to date.
Adaptimmune’s loss per share estimates have narrowed from 96 cents to 76 cents for 2017 and from 90 cents to 75 cents for 2018 over the last 60 days. The company came up with positive earnings surprises in two of the trailing four quarters, with an average beat of 24.79%. The share price of the company has increased 101.9% year to date.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>