TEVA - Neurocrine Biosciences Trading Near Its 52-Week Low As Delta Threatens The Ingrezza Rebound
- Neurocrine posted better than expected sales in the second quarter, with a much-needed beat for Ingrezza sales, but the resurgence of COVID-19 infections threatens to unravel that progress.
- Ingrezza prescriptions really depend upon face-to-face visits with prescribing physicians, and COVID-19 restrictions further hamper the company's sales and physician education efforts.
- Management will test Ingrezza in two additional Phase III programs; a high-risk study of Ingrezza as an adjunctive treatment for schizophrenia and a study in dyskinetic cerebal palsy.
- While Neurocrine has a promising pipeline, major data isn't coming soon and the Street wants to see Ingrezza back on a reliable growth path before returning to the stock.
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Neurocrine Biosciences Trading Near Its 52-Week Low As Delta Threatens The Ingrezza Rebound