OTLK - Outlook Therapeutics: Speculative Buy With High Stakes In The Anti-VEGF Market
2024-06-13 05:50:39 ET
Summary
- Outlook Therapeutics is resubmitting a BLA for ONS-5010 by 2024, with top-line data expected in Q4, 2024.
- ONS-5010 received European Commission Marketing Authorization for treating wet AMD in May 2024, and it is preparing for a commercial launch in early 2025.
- The anti-VEGF retina market is estimated at $15.9 billion globally, with substantial market opportunities in the US, EU, and UK.
- I deem OTLK stock a speculative buy due to its substantial upside potential, assuming successful FDA approval and market launch. I believe the risks are justified, given its considerable upside potential.
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Outlook Therapeutics: Speculative Buy With High Stakes In The Anti-VEGF Market