Insiders Snap Up $54M in Biotech and Offshore Driller Stocks
In the past week or so, some public offerings prompted huge insider buying. However, these were not the only notable insider purchases recently.
Headquartered in Westlake Village, CA Fiscal year ends December NASDAQ: ARQT arcutis.com
Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT) is a commercial-stage medical dermatology company focused on developing and commercializing targeted topical therapies for chronic inflammatory skin diseases. Its primary commercial product is ZORYVE (roflumilast), a highly potent and selective phosphodiesterase-4 (PDE4) inhibitor available in once-daily cream and foam formulations, approved in the United States and Canada for the treatment of plaque psoriasis, atopic dermatitis, and seborrheic dermatitis across multiple age groups. The ZORYVE franchise encompasses four distinct formulations: cream 0.3%, cream 0.15%, cream 0.05%, and foam 0.3%. Arcutis has secured seven FDA approvals since 2022 and is actively expanding indications, including into pediatric and infant populations. The company's pipeline includes a Phase 2 program evaluating ZORYVE foam 0.3% for vitiligo and hidradenitis suppurativa, as well as ARQ-234, a fusion protein checkpoint agonist of the CD200 receptor currently in Phase 1a/1b trials for moderate to severe atopic dermatitis. Arcutis operates a growing dermatology-focused sales force in the United States, supplemented by digital health initiatives to improve patient access. Updated
In the past week or so, some public offerings prompted huge insider buying. However, these were not the only notable insider purchases recently.
Wednesday’s top analyst upgrades and downgrades included Allegro, Jinkosolar, Masco, Micron Technology, Plug Power, Smith & Wesson and Virgin Galactic.
Thursday's top analyst upgrades and downgrades included Airbnb, CrowdStrike, DoorDash, Ford, Intuit, Lumber Liquidators, Occidental Petroleum, T-Mobile, Twilio, Uber and UBS.
Thursday's top analyst upgrades and downgrades included Arcutis Biotherapeutics, DraftKings, First Solar, InflaRx, Livent, Medtronic, NextEra Energy Partners, Roku, Snowflake and Tesla.
24/7 Wall St. tracked six new secondary offerings that were announced after the close on Tuesday, September 29, 2020.
Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT) is a commercial-stage medical dermatology company focused on developing and commercializing targeted topical therapies for chronic inflammatory skin diseases.
The Wall Street consensus 12-month price target for ARQT is $37.00.