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Amicus Therapeutics, Inc - FOLD STOCK NEWS

Welcome to our dedicated page for Amicus Therapeutics news (Ticker: FOLD), a resource for investors and traders seeking the latest updates and insights on Amicus Therapeutics stock.

Amicus Therapeutics, Inc. (symbol: FOLD) is a global biotechnology company that specializes in discovering, developing, and delivering high-quality medicines for individuals suffering from rare metabolic diseases. The company's central focus revolves around addressing lysosomal storage disorders, such as Fabry disease and Pompe disease, through its innovative platform technologies and medicines.

Amicus Therapeutics operates with a patient-centric approach, ensuring that the needs of those in the rare disease community are at the forefront of their scientific research, commercial activities, and clinical programs. The company is dedicated to creating significant impacts on the lives of patients and their caregivers, striving to provide advanced therapeutic solutions where none previously existed.

The company's product pipeline includes:

  • Galafold® (migalastat): An oral chaperone therapy approved for the treatment of adults with Fabry disease who have amenable genetic variants. Galafold works by stabilizing the body’s own dysfunctional enzyme to clear the accumulated substrate.
  • Pombiliti™ and Opfolda™: A novel, two-component therapy designed for the treatment of late-onset Pompe disease, showcasing Amicus's commitment to addressing the complexities of metabolic disorders.
  • Rare Disease Gene Therapy Portfolio: A set of advanced gene therapies aimed at providing long-lasting solutions for various rare metabolic diseases.

Amicus Therapeutics is focused on expanding its pipeline with first-in-class or best-in-class treatments, underscoring its commitment to innovative medical solutions. Financially, the company maintains a strong position, actively pursuing strategic priorities to sustain growth and enhance shareholder value.

With a presence in 27 countries, Amicus Therapeutics leverages a global footprint to address unmet medical needs across diverse patient populations. The company continuously seeks opportunities to broaden its impact and foster collaborations that advance its mission.

Recent developments include regulatory approvals and strategic partnerships aiming to enhance the reach and effectiveness of their therapies. By building strong relationships with stakeholders, Amicus Therapeutics ensures a collaborative effort in combating rare diseases.

Overall, Amicus Therapeutics Inc. embodies a profound dedication to transforming the lives of those affected by rare diseases through innovative science, patient-focused care, and robust therapeutic development.

Rhea-AI Summary
Amicus Therapeutics (Nasdaq: FOLD) has announced that they will be presenting at the 20th Annual WORLDSymposium™ 2024, showcasing an oral presentation and 11 posters across its development programs. The event will include abstracts on Fabry Disease and Pompe Disease, with presenters from various healthcare institutions around the world. This announcement highlights the company's commitment to advancing treatments for rare genetic diseases and its active participation in the scientific community.
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Amicus Therapeutics (Nasdaq: FOLD) reported a 21% year-over-year increase in total revenue to ~$399.4M in 2023, driven by double-digit growth in Galafold sales and successful launches of Pombiliti™ + Opfolda™. The company is expecting 11-16% Galafold revenue growth in 2024 and aims to achieve non-GAAP profitability. Key strategic priorities for 2024 include delivering double-digit Galafold revenue growth, global launches of Pombiliti + Opfolda, and advancing ongoing studies to support medical and scientific leadership in rare diseases.
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Amicus Therapeutics (FOLD) to Present at 42nd Annual J.P. Morgan Healthcare Conference
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Amicus Therapeutics (Nasdaq: FOLD) announces John F. Crowley's resignation from the Board of Directors and his new role as President and CEO of BIO, effective March 4, 2024. Michael Raab, the Lead Independent Director, will succeed him as the Chairman of the Amicus Board of Directors.
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FOLD: Amicus Therapeutics Announces 27% Increase in Total Revenue to $103.5M in 3Q 2023, Galafold® Quarterly Revenue Surpasses $100M for the First Time, Pombiliti™ + Opfolda™ Approved and Launched in the U.S., EU, and U.K., Non-GAAP Profitability Projected in Q4 2023
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Amicus Therapeutics (Nasdaq: FOLD) will participate in investor conferences in November. The UBS Biopharma Conference will be held on November 9th at 1:00 p.m. E.T. in Miami, FL. The Stifel 2023 Healthcare Conference will be held on November 15th at 8:00 a.m. E.T. in New York, NY. The presentations can be accessed via the Amicus Therapeutics corporate website.
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Amicus Therapeutics to host conference call and webcast to discuss Q3 financial results
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Amicus Therapeutics announces presentation at World Muscle Society Congress on development program for Pompe disease.
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Amicus Therapeutics announces a $430 million financing collaboration with Blackstone, including a $400 million senior secured term loan and a $30 million strategic investment in Amicus's common stock. The refinancing of existing debt will reduce the interest rate, extend the amortization period, and push out the amortization schedule. The loan facility requires interest-only payments until late 2026 and matures in October 2029. The proceeds will be used to refinance Amicus's existing debt and fund ongoing operations. The collaboration demonstrates Blackstone's commitment to Amicus's future and belief in the strong growth potential of their medicines for rare diseases. The loan is expected to be funded and the equity investment is expected to close on October 5, 2023.
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WuXi Biologics congratulates Amicus Therapeutics on FDA approval for Pombiliti™ and Opfolda™ for late-onset Pompe disease. WuXi Biologics is the exclusive manufacturing partner for the therapy.
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FAQ

What is the current stock price of Amicus Therapeutics (FOLD)?

The current stock price of Amicus Therapeutics (FOLD) is $9.5 as of November 21, 2024.

What is the market cap of Amicus Therapeutics (FOLD)?

The market cap of Amicus Therapeutics (FOLD) is approximately 2.8B.

What does Amicus Therapeutics, Inc. specialize in?

Amicus Therapeutics specializes in discovering, developing, and delivering medicines for rare metabolic diseases such as Fabry disease and Pompe disease.

What is Galafold?

Galafold (migalastat) is an oral therapy for treating adults with Fabry disease who have amenable genetic variants. It stabilizes the body's dysfunctional enzyme to clear accumulated substrate.

What are Pombiliti and Opfolda?

Pombiliti and Opfolda are a novel, two-component therapy designed for the treatment of late-onset Pompe disease, aiming to address the complexities of this metabolic disorder.

What makes Amicus Therapeutics unique?

Amicus Therapeutics is unique for its patient-centric approach, focusing on innovative solutions for rare diseases, and maintaining a robust pipeline of first- or best-in-class medicines.

How large is the footprint of Amicus Therapeutics?

Amicus Therapeutics has a global presence, operating in 27 countries to address unmet medical needs in diverse patient populations.

What is the company's approach to patient care?

Amicus Therapeutics places the needs of the rare disease community at the center of its scientific research, clinical programs, and commercial activities to improve patient lives significantly.

What recent achievements has Amicus Therapeutics made?

Recent achievements include regulatory approvals for therapies like Galafold and strategic partnerships aimed at enhancing their therapeutic reach and effectiveness.

What is included in Amicus Therapeutics' gene therapy portfolio?

The gene therapy portfolio consists of advanced gene therapies designed to provide long-lasting solutions for various rare metabolic diseases.

How does Amicus Therapeutics ensure its financial health?

The company focuses on strategic priorities, partnerships, and a robust pipeline to maintain strong financial health and sustain growth.

How can one report adverse reactions to Amicus Therapeutics' products?

Adverse reactions can be reported by contacting Amicus Therapeutics at 1-877-4AMICUS or the FDA at 1-800-FDA-1088.

Amicus Therapeutics, Inc

Nasdaq:FOLD

FOLD Rankings

FOLD Stock Data

2.85B
267.94M
0.74%
104.79%
6.66%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
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