- Neurocrine had already informed investors about weak fourth quarter Ingrezza sales, but AbbVie sales of Orilissa and Oriahnn were weak again, and Ongentys missed expectations as well.
- Management is upping its marketing spend, likely focusing on getting docs more comfortable with prescribing Ingrezza and Ongentys through telemedicine.
- Top-line Phase II data on '844 in negative symptoms of schizophrenia should be available before the end of the quarter; the market opportunity is large, but success is unlikely.
- Neurocrine shares look undervalued largely on the basis of Ingrezza, crinecerfont, and Ongentys.
For further details see:
Neurocrine Biosciences Upping Marketing Spend To Support Its Platform