How Intra-Cellular surprised Wall Street by breaking character [Yahoo! Finance]
Intra-Cellular Therapies Inc. (ITCI)
Last intra-cellular therapies inc. earnings: 3/2 07:30 am
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US:NASDAQ Investor Relations:
ir.intracellulartherapies.com/investor-relations
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Source: Yahoo! Finance
For drug companies, predicting how much money a product will make is a risky endeavor. If the estimate ends up being far off, then investors may question how well a developer understands its own business or the markets in which it operates. That's especially true when the prediction is too high. Analysts on Wall Street were therefore surprised last month to hear Intra-Cellular Therapies, which never much entertained this guessing game, say that its brain-rebalancing drug Caplyta would reach $5 billion in annual sales sometime in the next decade. This year alone, the New Jersey-based company expects $665 million to $685 million in net product sales from Caplyta. “We kept getting asked,” said Sharon Mates, Intra-Cellular's founder and CEO. “So we said, ‘Okay, why not tell you? Here it is.'” Intra-Cellular's stock price has subsequently risen by 13%, adding to a steady incline that, over the past five years, has taken shares from less than $10 apiece to above $85. Known scientif
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ITCI
News
- Intra-Cellular Therapies to Participate in Three Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Intra-Cellular Therapies to Participate in Three Upcoming Investor ConferencesGlobeNewswire
- Intra-Cellular Therapies Announces Presentations at the 2024 Psych Congress and NEI CongressGlobeNewswire
- Intra-Cellular bolsters Caplyta data with another Phase III win [Yahoo! Finance]Yahoo! Finance
- Intra-Cellular Therapies Announces Positive Topline Results in Phase 3 Trial Evaluating CAPLYTA for the Prevention of Relapse in Patients with SchizophreniaGlobeNewswire
ITCI
Earnings
- 10/30/24 - Miss
ITCI
Sec Filings
- 11/14/24 - Form 4
- 11/12/24 - Form 144
- 11/12/24 - Form SC
- ITCI's page on the SEC website