Core Insights - Celcuity Inc. is a biotechnology company focused on developing innovative therapies for cancer treatment, particularly its drug gedatolisib targeting hormone-positive breast cancer [1] - The company has received a positive price target of $95 from Needham, indicating a potential increase of approximately 31.69% from its current price of $72.14, driven by strong phase 3 data for gedatolisib [2] - Celcuity's market valuation has surged to $2 billion, with a stock price increase of 40.05%, reflecting strong investor interest and market volatility [3] Financial Position - The company has a robust financial position supported by recent fundraising efforts and loan facilities, ensuring a cash runway extending into 2027, which is crucial for filing a New Drug Application (NDA) for gedatolisib [4] - Celcuity's market capitalization is approximately $3.09 billion, with a trading volume of 5,875,995 shares, positioning it well in the biotech sector [5] Market Performance - The stock price has fluctuated between $71.57 and $83, with a 52-week high of $83 and a low of $7.58, indicating strong investor interest and market volatility [3] - The successful results from the VIKTORIA-1 trial have been a key driver of investor confidence in the company's future prospects [2][6]
Celcuity Inc. (NASDAQ:CELC) Targets Hormone-Positive Breast Cancer with Promising Drug Gedatolisib