As previously reported yesterday, Guggenheim downgraded Outlook Therapeutics (OTLK) to Neutral from Buy and removed the firm’s price target after the company received another complete response letter from the FDA regarding their BLA resubmission for ONS-5010 for the treatment of wetAMD. The firm, which previously thought there was “a small chance of approval,” now has “serious doubts” on the company’s ability to get ONS-5010 approved in the U.S.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OTLK:
- Outlook Therapeutics downgraded at H.C. Wainwright
- Outlook CRL ‘a significant setback,’ doesn’t mean end for Lytenava, says Chardan
- Outlook Therapeutics downgraded to Neutral from Buy at Guggenheim
- Outlook Therapeutics’ resubmission for wet AMD candidate rejected by FDA
- Navigating Trade Turbulence: Outlook Therapeutics’ Struggle with Global Trade Policies