When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TAK - Protalix Undervalued Due To Ghost Of Shire Upside On Fabry Approval Significant
Takeda Pharmaceutical Company Limited American Depositary Shares
What would you value a developing biotech with BLA submission just filed with the FDA? In this case, a BLA filed for a drug with the potential to outcompete a Sanofi (SNY) near-blockbuster, and the company is flush with cash after closing a $44M private placement. Somewhere near all-time lows? That's where Protalix BioTherapeutics (PLX) is, and to me, it looks unjustified, though understandable. If the FDA approves its BLA application for its Fabry disease drug, though, I believe the upside revaluation could be particularly significant.