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Stock impact report

Applied Therapeutics: A Strong Buy With AT-007 Nearing Approval For Galactosemia [Seeking Alpha]

Applied Therapeutics, Inc. (APLT) 
Last applied therapeutics, inc. earnings: 11/13 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Govorestat (AT-007) is in late-stage regulatory approval for galactosemia, with a PDUFA date set for November 2024. APLT holds $146.5 million in cash, ensuring a sufficient runway to FDA approval and initial product revenues by early 2025. The Company has a diversified pipeline, including AT-007 for SORD Deficiency and PMM2-CDG and AT-001 for diabetic cardiomyopathy and peripheral neuropathy. I think APLT's valuation seems reasonable given its progress and financials, so I rate it a "strong-buy" despite biotech risks. Applied Therapeutics, Inc. ( NASDAQ: APLT ) is a promising clinical-stage biotech that focuses on treating symptoms of galactosemia in the central nervous system [CNS]. Galactosemia is rare when the body lacks a particular enzyme that metabolizes galactose. As Recommended For You Show less Read more
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