TESARO Inc (NASDAQ: TSRO)
TESARO wasn’t having the best of days in the market today. In fact, the stock was halted at 3:23, trading in the red, which prompted our friends at Trade Ideas to send an alert about it. As we researched, we found overwhelmingly positive news that suggests that this stock is going to fly.
FDA Approves TSRO Niraparib
As mentioned above, TESARO wasn’t having the best of times in the market today. In fact, throughout the entire day, the stock has been trading in the red. However, at 3:23, the stock was halted with news pending, trading at $156.73 per share after a loss of $3.27 per share or 2.04%. We have found the pending news.
It looks like the halt is the result of the United States Food and Drug Administration making the decision to approve ZEJULA (niraparib) for the maintenance treatment of adults whoe are dealing with recurrent epithelial ovarian, fallopian tube, or primary peritoneal cancer who are in complete or partial response to platinum-based chemotherapy. For more details with regard to the approval, click here!
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on TSRO. In particular, we’re interested in learning about the company’s next steps following this news of FDA approval. Considering the overwhelming need for a treatment like this, we could see a massive gain in the stock as investors will expect for the treatment to be overwhelmingly profitable.
What Do You Think?
Where do you think TSRO is headed moving forward? Join the discussion in the comments below!
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