Heron Therapeutics, Inc - a biotech company whose main products are drugs for nausea and vomiting caused by chemotherapy (CINV), as well as painkillers. Capitalization of $1.2 billion. Located in San Diego, USA.
In May of this year, the company received FDA approval for its "breakthrough" pain medication ZYNRELEF, which will change in surgery.
ZYNRELEF is the first and only dual-acting local anesthetic with extended use (DALA ™ ), providing 72 hours of postoperative anesthesia with a single needle-free application. It has been clinically proven to cope better with pain than a standard bupivacaine HCl solution for 72 hours, and significantly reduces the use of opioids after surgery.
The FDA approved the use of the drug only during operations on thumb bursitis, open inguinal hernia and knee arthroplasty, which significantly reduced its commercial potential and could not bring $HRTX significant revenue growth. Recently it became known that the FDA agreed to re-examine the original application for ZYNRELEF. If the drug is approved for a wide range of its applications, the company will be able to realize its commercial potential.
The company also submitted an application for ZYNRELEF approval to the Ministry of Health of Canada, where approval will take up to 300 days. As of January 1, 2021, ZYNRELEF is approved in 31 European countries, including the countries of the European Union and the European Economic Area, as well as the United Kingdom.
A reversal pattern is formed on the chart for the higher TF through the double bottom. The first touch of $10 support was in mid-March, then a touch in August with a technical rebound of 30%, then the price returned to $10 with the formation of a $9-10 trade. It is important to overcome the resistance of $ 13, then we can talk about breaking the trend. Can go with the current, dobora position blocks $8.5-10/$5.5-6.5. Now a lot of biotech has come to strong support levels and look ready 🚀
Wall Street analysts unanimously predict growth of $HRTX, minimum targets of $23-24.
The first goal is the maximum accumulation level: $17 (+50%)
The second goal is the annual maximum level: $24 (+100%)
NOT IRR.
In May of this year, the company received FDA approval for its "breakthrough" pain medication ZYNRELEF, which will change in surgery.
ZYNRELEF is the first and only dual-acting local anesthetic with extended use (DALA ™ ), providing 72 hours of postoperative anesthesia with a single needle-free application. It has been clinically proven to cope better with pain than a standard bupivacaine HCl solution for 72 hours, and significantly reduces the use of opioids after surgery.
The FDA approved the use of the drug only during operations on thumb bursitis, open inguinal hernia and knee arthroplasty, which significantly reduced its commercial potential and could not bring $HRTX significant revenue growth. Recently it became known that the FDA agreed to re-examine the original application for ZYNRELEF. If the drug is approved for a wide range of its applications, the company will be able to realize its commercial potential.
The company also submitted an application for ZYNRELEF approval to the Ministry of Health of Canada, where approval will take up to 300 days. As of January 1, 2021, ZYNRELEF is approved in 31 European countries, including the countries of the European Union and the European Economic Area, as well as the United Kingdom.
A reversal pattern is formed on the chart for the higher TF through the double bottom. The first touch of $10 support was in mid-March, then a touch in August with a technical rebound of 30%, then the price returned to $10 with the formation of a $9-10 trade. It is important to overcome the resistance of $ 13, then we can talk about breaking the trend. Can go with the current, dobora position blocks $8.5-10/$5.5-6.5. Now a lot of biotech has come to strong support levels and look ready 🚀
Wall Street analysts unanimously predict growth of $HRTX, minimum targets of $23-24.
The first goal is the maximum accumulation level: $17 (+50%)
The second goal is the annual maximum level: $24 (+100%)
NOT IRR.