Once-daily, effective, safe, and well-tolerated ZORYVE cream now commercially availableProvides rapid clearance of atopic dermatitis signs and symptoms and significant reduction in itch, and can be used anywhere on the body for any duration to maintain clear skinAtopic dermatitis is the most common type of eczema, affecting approximately 9.6 million children and 16.5 million adults in the United StatesManagement will host an investor event with a key opinion leader on Monday, July 29 at 8:30 am EDT/5:30 am ...

Approximately 40% of the 9 million individuals in the United States with plaque psoriasis experience involvement of the scalpOnce-daily ZORYVE foam significantly improved both scalp and body psoriasis in a Phase 2b and a pivotal Phase 3 trialData also show rapid reduction in scalp itch as soon as 24 hours after first applicationZORYVE foam demonstrated a favorable safety and tolerability profile WESTLAKE VILLAGE, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), a commer ...

WESTLAKE VILLAGE, Calif., July 22, 2024 (GLOBE NEWSWIRE) -- Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), a commercial-stage biopharmaceutical company focused on developing meaningful innovations in immuno-dermatology, today announced that it will host a virtual Key Opinion Leader (KOL) event featuring a leading dermatology and immune-mediated skin disease expert to discuss the unmet need and current treatment landscape for individuals with mild to moderate atopic dermatitis (AD). The event will highlight th ...

Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Has Arcutis Biotherapeutics, Inc. (ARQT) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Medical peers, we might be able to answer that question.Arcutis Biotherapeutics, Inc. is one of 1025 individual stocks in the Medical sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the ...

Arcutis Biotherapeutics (ARQT) rallied 30.9% in the past month after the FDA approved the supplemental new drug application (sNDA) for its marketed product, Zoryve (roflumilast) cream 0.15%, to treat mild to moderate atopic dermatitis (AD) in adult and pediatric patients aged six years and older.AD, also known as eczema, is a chronic skin disease characterized by itchy and inflamed skin, primarily common in children. Per Arcutis, 9.6 million children and 16.5 million adults in the United States are affected ...

ZORYVE cream provides rapid relief, with efficacy, safety, and tolerability demonstrated up to 56 weeks of treatmentZORYVE cream rapidly and significantly reduces itch, the most bothersome symptom of atopic dermatitis (AD)Once-daily cream is for use anywhere on the body for any durationAD is the most common type of eczema, affecting approximately 9.6 million children and 16.5 million adults in the United StatesThird FDA approval for Company in two yearsCommercial product expected to be available by the end ...

ZORYVE cream provides rapid relief, with efficacy, safety, and tolerability demonstrated up to 56 weeks of treatmentZORYVE cream rapidly and significantly reduces itch, the most bothersome symptom of atopic dermatitis (AD)Once-daily cream is for use anywhere on the body for any durationAD is the most common type of eczema, affecting approximately 9.6 million children and 16.5 million adults in the United StatesThird FDA approval for Company in two yearsCommercial product expected to be available by the end ...

Industry Overview - The biotechnology industry faced challenges in the first quarter of 2024 after a decent performance in 2023, with many companies relying on external funding due to insufficient revenue generation [1] - The high interest rate environment, currently between 5.25-5.5%, has negatively impacted the industry, as the Federal Reserve has not reduced rates despite expectations for a cut [1] - A low interest rate environment is anticipated to improve margins for biotech companies, which require significant capital for clinical studies before obtaining FDA approval [2] Market Outlook - Fed Chairman Jerome Powell indicated a potential 25 basis points cut in the Fed fund rate in 2024, with a full 1% rate cut expected by the end of 2025, bringing the terminal rate to 4.1% [2] - The biotech industry is expected to recover in the second half of 2024, driven by collaborations and mergers and acquisitions as companies seek to enhance their product portfolios [2] Industry Ranking - The Zacks-defined Biomedical and Genetics Industry is currently ranked in the top 34% of industries, specifically at number 85 out of 249, indicating an expectation to outperform the market in the next three to six months [3] Company Highlights - **Arcutis Biotherapeutics Inc. (ARQT)**: Focused on immune-mediated dermatological diseases, with an expected revenue growth rate of over 100% and earnings growth of 57.7% for the current year [5] - **Bicycle Therapeutics plc (BCYC)**: Developing innovative medicines for underserved diseases, with expected revenue and earnings growth rates of 55.4% and 12.6%, respectively [6] - **Castle Biosciences Inc. (CSTL)**: Provides genomic information for dermatological cancers, with expected revenue and earnings growth rates of 18.7% and 20.6% [7] - **Prime Medicine Inc. (PRME)**: Focuses on genetic therapies using gene editing technology, with expected revenue growth of over 100% and earnings growth of 19.2% [8] - **Lexicon Pharmaceuticals Inc. (LXRX)**: Specializes in gene function discovery for drug development, with expected revenue growth of over 100% and earnings growth of 11.4% [8]

For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Arcutis Biotherapeutics, Inc. (ARQT) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question.Arcutis Biotherapeutics, Inc. is one of 1043 individual stocks in the Medical sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Za ...

Shares of Arcutis Biotherapeutics, Inc. (ARQT) have gained 2.4% over the past four weeks to close the last trading session at $9.34, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $18.67 indicates a potential upside of 99.9%.The mean estimate comprises six short-term price targets with a standard deviation of $4.80. While the lowest estimate of $11 indicates a 17.8% increase fr ...