Will The Pace of M&A Pick Up Following The Biotech Sector’s Pounding? | PTLA Message Board Posts

Portola Pharmaceuticals, Inc.

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Msg  6506 of 6933  at  10/11/2019 6:16:22 PM  by

JoeFlow


Will The Pace of M&A Pick Up Following The Biotech Sector’s Pounding?

from the PacMan on EXEL mb... 
 
 
 "2019 has been a bumpy ride for investors in Portola Pharmaceuticals (NASDAQ:PTLA). The stock ran from $17 to $37 in the first few months of the year only to retreat to the mid-$20s. Portola markets the drugs Andexxa and Ondexxya. Both are newcomers to the market with Andexxa yielding an average of 34% quarter-over-quarter growth in the five quarters since launch. The upcoming third-quarter results will give the first meaningful look at Ondexxya, which launched at the end of the second quarter. Together they should generate in excess of $100 million in sales this year. Portola states the addressable U.S. and European patient population for the drugs is nearly 500,000 people. Delivering drugs to vast numbers of patients, historically, has been the bread and butter for large pharma companies. Don't be surprised if one jumps on Portola soon."


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Msg # Subject Author Recs Date Posted
6507 Re: Will The Pace of M&A Pick Up Following The Biotech Sector’s Pounding? JoeFlow 0 10/11/2019 6:24:13 PM






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