Scholar Rock (NASDAQ: SRRK) is a clinical-stage biopharmaceutical company dedicated to developing innovative treatments for serious diseases by targeting the TGF-beta pathway. The company's lead product candidate, SRK-015, is an investigational therapy for patients with advanced solid tumors. Scholar Rock also has several other promising drug candidates in its pipeline, including SRK-181 for idiopathic pulmonary fibrosis (IPF) and SRK-177 for Duchenne muscular dystrophy (DMD).
Analysts are optimistic about the future prospects of Scholar Rock stock. The company's lead product candidate, SRK-015, has shown promising results in clinical trials, and the company is expected to file for regulatory approval in 2023. If SRK-015 is approved, it could become a major blockbuster drug, generating billions of dollars in revenue for Scholar Rock.
In addition to SRK-015, Scholar Rock has several other promising drug candidates in its pipeline. SRK-181 for IPF is currently in Phase 2 clinical trials, and SRK-177 for DMD is expected to enter clinical trials in 2023. These drugs have the potential to be major revenue generators for Scholar Rock in the years to come.
Scholar Rock reported its third-quarter financial results on November 8, 2022. The company reported revenue of $11.6 million, which was slightly below the analyst consensus estimate. However, the company's net loss was narrower than expected, coming in at $32.6 million.
The company's cash position remains strong, with $307.2 million in cash and cash equivalents as of September 30, 2022. This provides Scholar Rock with ample runway to continue its clinical development programs and bring its drug candidates to market.
The following table summarizes the analyst ratings for Scholar Rock stock:
Firm | Rating | Price Target |
---|---|---|
Barclays | Overweight | $40 |
BMO Capital Markets | Market Perform | $35 |
Cantor Fitzgerald | Overweight | $45 |
Citigroup | Buy | $42 |
RBC Capital Markets | Outperform | $46 |
Investors who are interested in investing in Scholar Rock stock should consider the following strategies:
Scholar Rock is a clinical-stage biopharmaceutical company with a promising pipeline of drug candidates. The company's lead product candidate, SRK-015, has shown promising results in clinical trials, and the company is expected to file for regulatory approval in 2023. If SRK-015 is approved, it could become a major blockbuster drug, generating billions of dollars in revenue for Scholar Rock.
Investors who are interested in investing in Scholar Rock stock should consider the following strategies:
Quarter | Revenue | Net Loss | EPS |
---|---|---|---|
Q3 2022 | $11.6 million | $32.6 million | ($0.23) |
Q2 2022 | $10.2 million | $34.1 million | ($0.24) |
Q1 2022 | $6.5 million | $30.5 million | ($0.21) |
Q4 2021 | $4.0 million | $41.2 million | ($0.29) |
Q3 2021 | $3.2 million | $42.7 million | ($0.30) |
Drug Candidate | Indication | Phase |
---|---|---|
SRK-015 | Advanced solid tumors | Phase 3 |
SRK-181 | IPF | Phase 2 |
SRK-177 | DMD | Preclinical |
SRK-152 | Pancreatic cancer | Preclinical |
SRK-239 | Myelofibrosis | Preclinical |
Firm | Rating | Price Target |
---|---|---|
Barclays | Overweight | $40 |
BMO Capital Markets | Market Perform | $35 |
Cantor Fitzgerald | Overweight | $45 |
Citigroup | Buy | $42 |
RBC Capital Markets | Outperform | $46 |
Strengths | Risks |
---|---|
Strong pipeline of drug candidates with blockbuster potential | Clinical trials for SRK-015 and other drug candidates could fail or be delayed |
Experienced management team with a track record of success | Competition from other companies developing TGF-beta inhibitors |
Strong financial position | Regulatory approval for SRK-015 and other drug candidates could be delayed or denied |
2024-11-17 01:53:44 UTC
2024-11-18 01:53:44 UTC
2024-11-19 01:53:51 UTC
2024-08-01 02:38:21 UTC
2024-07-18 07:41:36 UTC
2024-12-23 02:02:18 UTC
2024-11-16 01:53:42 UTC
2024-12-22 02:02:12 UTC
2024-12-20 02:02:07 UTC
2024-11-20 01:53:51 UTC
2024-12-17 10:14:25 UTC
2024-08-05 00:20:54 UTC
2024-08-05 00:21:01 UTC
2024-12-22 12:58:46 UTC
2024-12-31 14:05:33 UTC
2025-01-03 14:00:41 UTC
2024-12-24 03:06:42 UTC
2024-12-28 05:34:52 UTC
2025-01-08 06:15:39 UTC
2025-01-08 06:15:39 UTC
2025-01-08 06:15:36 UTC
2025-01-08 06:15:34 UTC
2025-01-08 06:15:33 UTC
2025-01-08 06:15:31 UTC
2025-01-08 06:15:31 UTC