But not all biotech stocks showed good returns today. Some showed significant losses: Enanta Pharmaceuticals, Inc. (ENTA) was down by 40.62%, Horizon Pharma plc (HZNP) closed 11.53% lower and Merrimack Pharmaceuticals, Inc. (MACK) lost 12.99%.
One of top gainers today is ZS Pharma, Inc. (ZSPH): shares went up and closed 19.7% higher. $1.61B company was popular today: almost 2 million shares were traded (comparing to 3 month daily average of 673K).
And its all because of its competitor’s Relypsa (RLYP) announcement. RLYP got its treatment Veltassa approved by FDA to sale on the US market to treat hyperkalemia. However, combined with other oral treatments Veltassa may lose it effectiveness. It made investors really worried about the future of Veltassa.
ZS Pharma has its own competitor to Veltassa called
ZS Pharma was founded in 2008. It has 71 employee. The last year EPS: -$4.17. Cash on hand: $232M, debt: $10.10M.
We forecast share price for ZS Pharma for the next 52 weeks at $75 what is good premium to the current price of $64.