Zacks Industry Outlook Highlights Corcept, Amneal, Dyne, Nektar and Cardiol
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2025
0mins
Source: NASDAQ.COM
Biotech Industry Overview: The biotech sector has faced challenges since Donald Trump's election, particularly due to regulatory changes and pipeline setbacks; however, there are signs of innovation and potential growth in small drug companies like Corcept Therapeutics and Amneal Pharmaceuticals.
Stock Performance and Future Prospects: Despite a collective decline in stock prices over the past year, companies such as Nektar Therapeutics and Cardiol Therapeutics have shown significant gains, indicating a positive outlook driven by successful clinical trials and advancements in drug development.
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Analyst Views on AMRX
Wall Street analysts forecast AMRX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMRX is 13.75 USD with a low forecast of 12.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.110
Low
12.00
Averages
13.75
High
15.00
Current: 14.110
Low
12.00
Averages
13.75
High
15.00
About AMRX
Amneal Pharmaceuticals, Inc. is a global pharmaceutical company, which develops, manufactures, markets and distributes a portfolio of essential medicines. Its Affordable Medicines segment includes a portfolio of over 280 product families covering a range of dosage forms and delivery systems, including both immediate and extended-release oral solids, powders, liquids, sterile injectables, nasal sprays, inhalation and respiratory products, biosimilar products, ophthalmic, films, transdermal patches and topicals. Its Specialty segment is engaged in the development, promotion, sale and distribution of branded pharmaceutical products, with a focus on products addressing central nervous system disorders, including Parkinson’s disease and endocrine disorders. Its AvKARE segment provides pharmaceuticals, medical and surgical products and services primarily to governmental agencies, predominantly focused on the U.S. Department of Defense and the U.S. Department of Veterans Affairs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Amneal Pharmaceuticals Settles Majority of Opioid Claims for Up to $267M
- Settlement Agreement Effective: Amneal Pharmaceuticals announced that its opioid settlement agreement will take effect on Thursday, allowing claimants to receive up to $267 million in cash and overdose treatments, indicating proactive legal risk management by the company.
- Cash Payment Structure: Under the Nationwide Opioids Settlement Agreement, participating states and jurisdictions can receive $88.5 million in cash and up to $177.4 million worth of naloxone nasal spray, demonstrating the company's commitment to addressing public health crises.
- Cash Payment Cap: The agreement allows litigants to opt for 25% of the naloxone spray's value as cash payments during the last four years of the decade-long term, with a maximum of $44.4 million, which may alleviate cash flow pressures for the company.
- Potential Total Cash Payments: Amneal anticipates total cash payments could reach $132.9 million under the agreement, reflecting the company's financial commitment to resolving legal disputes and its implications for future operations.
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Healthcare Stocks Surge in After-Hours Trading
- Acumen Pharmaceuticals Surge: Acumen Pharmaceuticals, Inc. (ABOS) advanced 8.09% in after-hours trading to close at $2.94, adding $0.22, indicating strong investor confidence in its growth prospects.
- Fulgent Genetics Rise: Fulgent Genetics, Inc. (FLGT) rose 5.98% to $28.90 in after-hours trading, gaining $1.63, reflecting market optimism regarding its business outlook.
- Fractyl Health Growth: Fractyl Health, Inc. (GUTS) climbed 5.19% to $2.23 after hours, up $0.11, suggesting that its potential in the biotech sector is being recognized by the market.
- Coeptis Therapeutics Increase: Coeptis Therapeutics Holdings, Inc. (COEP) added 4.14% to finish at $13.85, gaining $0.55 in after-hours trading, demonstrating investor support for its strategic direction.
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