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Tg Therapeutics

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business2 years ago•1 min saved

TG Therapeutics Stock Plummets 50% on Disappointing Q2 Results

TG Therapeutics' stock plunged by 49.3% after sales of its multiple sclerosis drug, Briumvi, fell short of analysts' expectations. Briumvi generated $16.1 million in U.S. sales during the second quarter, missing the forecasted $17.4 million. The drug faces competition from Roche's Ocrevus, which is being tested as an under-the-skin injection. TG Therapeutics also announced a deal with Neuraxpharm Group to commercialize Briumvi in Europe, but the stock hit an eight-month low following the news.

via Investor's Business Daily|

#briumvi #business #multiple-sclerosis-drug

stock-market2 years ago•2 min saved

"Nikola's Stock Surges, Outperforms Market Amid Retail Investor Interest"

Stock futures trade mixed as corporate earnings season begins. Nikola's stock rises 15% after securing additional funding for hydrogen refueling stations. Arista Networks shares jump 15% due to strong Q2 earnings and optimistic Q3 outlook. Emergent BioSolutions shares rise 13% after securing a 10-year contract for Ebola virus treatment. JetBlue shares fall 7% as the airline lowers yearly estimates and issues a weak Q3 outlook. TG Therapeutics stock drops nearly 50% due to increased expenses and widened net loss. ZoomInfo Technologies shares plummet over 27% after lowering FY2023 projection. Rambus shares drop 12% despite stating long-term profitability. Harmonic stock declines 21% after missing revenue expectations.

via Seeking Alpha|

#arista-networks #jetblue #nikola