Traded as | NASDAQ: FOLD |
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Industry | pharmaceutical |
Founded | February 4, 2002 (2002-02-04) |
Headquarters | Cranbury, New Jersey, United States |
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Number of employees
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92 (31 Dec 2013) |
Website | amicusrx |
Footnotes / references financials |
Amicus Therapeutics is a public American biopharmaceutical company based in Cranbury, New Jersey. The company went public in 2007 under the NASDAQ trading symbol FOLD. This followed a 2006 planned offering and subsequent withdrawal, which would have established the trading symbol as AMTX Prior to their IPO, Amicus was funded by a variety of venture capital firms including Radius Ventures, Canaan Partners and New Enterprise Associates.
The therapeutic focus of Amicus is on rare and orphan diseases, particularly disorders collectively called lysosomal storage disorders. The company's product development is based largely on the Chaperone-Advanced Replacement Therapy (CHART®) platform and has concentrated on development of enzyme replacement therapies (ERTs). In 2014, Amicus was noted as having, arguably, "the broadest portfolio of small molecule pharmacological chaperones" in the pharmaceutical industry.
As of February 2014, the company had no marketed products, its most advanced candidate being migalastat (trade name Galafold), a pharmacological chaperone treatment for Fabry disease which aims to stabilize endogenous mutant alpha-galactosidase. In parallel with advancement of migalastat monotherapy, the company engaged in a collaboration with GlaxoSmithKline and JCR Pharmaceutical to investigate coformulation with recombinant alpha-galactosidase (JR-051). This collaboration lasted for three years, from 2010 to 2013.
Amicus has no manufacturing capability of its own, relying on contract manufacturing alone.
In 2008, the company expanded from its single site in New Jersey to a second research site in San Diego.
In late 2009, the company faced a major financial setback with the termination of a multi-year collaboration agreement with Shire; at the time of the termination, financing for operations was done primarily "through private placements of our redeemable convertible preferred stock, proceeds from our initial public offering and from our prior collaboration agreement with Shire." A corporate restructuring ensued with a concomitant 20% reduction in the workforce.
In 2010, the company received a US$500,000 grant from the The Michael J. Fox Foundation to support studies conducted in collaboration with David Geffen School of Medicine at UCLA. Amicus also received in 2010 a US$210,300 grant from the Alzheimer's Drug Discovery Foundation to support pre-clinical work in collaboration with Icahn School of Medicine at Mount Sinai through the Alzheimer's Disease Research Center.
In November 2013, Amicus acquired competitor Callidus Biopharma, thereby obtaining proprietary materials and intellectual property for the enzyme replacement therapy treatment of Pompe disease.
In September 2015, the company acquired Scioderm for up to $947 million in cash and stock.
The role of chief executive officer have been vested in John F. Crowley since 2005. In 2010, Crowley succeeded Donald Hayden, Jr. as the company's chairman of the board; Hayden remained associated with Amicus through the new role of Lead Independent Director. The executive posts of chief operating officer and chief financial officer are vested in Bradley L. Campbell and William D. Baird III, respectively. As of 2010, the company's chief scientific officer was David Lockhart.
Beyond the C-Suite, as of 2010 Brandon Wustman held the post of Director of Exploratory Biology.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-07 | Future report Set alerts | |
Q2 2022 | 2022-08-04 | -0.21 | -0.21 |
Q1 2022 | 2022-05-09 | -0.30 | -0.30 |
Q4 2021 | 2022-02-24 | -0.29 | -0.29 |
Q3 2021 | 2021-11-09 | -0.19 | -0.19 |
Q2 2021 | 2021-08-05 | -0.19 | -0.19 |
Q1 2021 | 2021-05-10 | -0.25 | -0.25 |
Q4 2020 | 2021-03-01 | -0.27 | -0.27 |
Q3 2020 | 2020-11-05 | -0.23 | -0.25 |
Q2 2020 | 2020-08-10 | -0.20 | -0.20 |
2016-06-14 | Reiterated Rating | Leerink Swann | Outperform | $17.00 to $19.00 |
2016-06-01 | Reiterated Rating | Leerink Swann | Outperform | $17.00 |
2016-05-18 | Initiated Coverage | Bank of America | Buy | $10.00 |
2016-05-18 | Initiated Coverage | Bank of America Corp. | Buy | $10.00 |
2016-04-13 | Initiated Coverage | Robert W. Baird | Neutral | $9.00 |
2016-04-12 | Boost Price Target | Chardan Capital | Buy | $10.00 to $15.00 |
2016-03-30 | Initiated Coverage | Goldman Sachs | Neutral | $10.00 |
2016-03-30 | Initiated Coverage | Goldman Sachs Group Inc. | Neutral | $10.00 |
2016-03-08 | Upgrade | Janney Montgomery Scott | Neutral to Buy | $10.00 to $12.00 |
2016-03-07 | Reiterated Rating | Cowen and Company | Outperform | $13.00 |
2016-02-23 | Reiterated Rating | JPMorgan Chase & Co. | Buy | $18.00 to $15.00 |
2016-02-23 | Reiterated Rating | Cowen and Company | Outperform | $13.00 |
2016-01-13 | Reiterated Rating | Cowen and Company | Outperform | $13.00 |
2015-12-17 | Reiterated Rating | Janney Montgomery Scott | Neutral | |
2015-10-05 | Reiterated Rating | Leerink Swann | Outperform | $23.00 to $21.00 |
2015-10-05 | Reiterated Rating | Cowen and Company | Outperform | $27.00 to $13.00 |
2015-10-05 | Upgrade | Chardan Capital | Neutral to Buy | $17.50 to $8.00 |
2015-09-16 | Downgrade | Chardan Capital | Buy to Neutral | $17.00 |
2015-09-08 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $22.00 to $28.00 |
2015-09-06 | Reiterated Rating | Chardan Capital | Buy | $17.50 |
2015-09-01 | Reiterated Rating | Cowen and Company | Buy | $19.00 to $27.00 |
2015-08-31 | Reiterated Rating | Leerink Swann | Buy | |
2015-08-14 | Reiterated Rating | Leerink Swann | Outperform | $23.00 |
2015-06-23 | Boost Price Target | Janney Montgomery Scott | Buy | $15.00 to $16.00 |
2015-06-16 | Boost Price Target | B. Riley | Buy | $14.00 to $17.50 |
2015-06-16 | Boost Price Target | Chardan Capital | Buy | $14.00 to $17.50 |
2015-06-15 | Reiterated Rating | Cowen and Company | Outperform | $19.00 |
2015-05-29 | Initiated Coverage | Chardan Capital | Buy | $14.00 |
2015-03-19 | Set Price Target | Leerink Swann | Buy | $15.00 |
2015-03-04 | Boost Price Target | Leerink Swann | Outperform | $9.00 to $13.00 |
2015-01-09 | Initiated Coverage | Janney Montgomery Scott | Buy to Neutral | |
2014-11-17 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $8.00 to $9.00 |
2014-08-20 | Boost Price Target | Cowen and Company | $14.00 | |
2014-07-01 | Upgrade | Janney Montgomery Scott | Neutral to Buy | $2.50 to $5.00 |
2014-07-01 | Upgrade | Leerink Swann | Market Perform to Outperform | $2.50 to $6.00 |
2014-06-30 | Upgrade | JPMorgan Chase & Co. | Neutral to Overweight | |
2014-05-06 | Lower Price Target | Leerink Swann | $3.00 to $2.50 | |
2014-03-04 | Boost Price Target | Leerink Swann | $2.50 to $3.00 | |
2013-11-21 | Downgrade | Janney Montgomery Scott | Buy to Neutral | |
2013-11-21 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | |
2013-10-24 | Downgrade | Leerink Swann | Outperform to Market Perform | |
2012-12-20 | Reiterated | Canaccord Genuity | Buy | $11 to $6 |
2012-12-20 | Downgrade | Capstone Investments | Buy to Hold | $3 |
2012-11-01 | Initiated | Capstone Investments | Buy | $7 |
2010-03-31 | Initiated | Leerink Swann | Mkt Perform | |
2009-10-05 | Downgrade | Wedbush Morgan | Outperform to Underperform | $17 to $3.50 |
2008-07-23 | Reiterated | Lazard Capital | Buy | $13 to $21 |
2008-05-14 | Reiterated | Lazard Capital | Buy | $15 to $13 |
2008-01-04 | Reiterated | Lazard Capital | Buy | $18 to $15 |
2007-11-08 | Reiterated | Lazard Capital | Buy | $20 to $22 |
2007-07-10 | Initiated | Pacific Growth Equities | Buy | |
2007-07-10 | Initiated | Lazard Capital | Buy | $20 |
2007-07-10 | Initiated | JP Morgan | Overweight |
2016-06-14 | Reiterated Rating | Leerink Swann | Outperform | $17.00 to $19.00 |
2016-06-01 | Reiterated Rating | Leerink Swann | Outperform | $17.00 |
2016-05-18 | Initiated Coverage | Bank of America | Buy | $10.00 |
2016-05-18 | Initiated Coverage | Bank of America Corp. | Buy | $10.00 |
2016-04-13 | Initiated Coverage | Robert W. Baird | Neutral | $9.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In FOLD 181 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
PERCEPTIVE ADVISORS LLC | 27.37M |
venBio Select Advisor LLC | 26.80M |
Vanguard Group, Inc | 25.87M |
Redmile Group, LLC | 21.72M |
BlackRock Inc. | 19.90M |
MORGAN STANLEY | 17.18M |
HENDERSON GROUP PLC | 14.78M |
JPMORGAN CHASE & CO | 14.34M |
STATE STREET CORP | 12.02M |
Palo Alto Investors, LLC | 9.85M |
WELLINGTON MANAGEMENT CO LLP | 8.06M |
BlackRock Fund Advisors | 7.59M |
JANUS CAPITAL MANAGEMENT LLC | 7.14M |
MACQUARIE GROUP LTD | 6.88M |
GEODE CAPITAL MANAGEMENT, LLC | 4.72M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
PERCEPTIVE ADVISORS LLC | 23.41% (18424424) | ACRX / AEGR / ALDX / BIOD / FOLD / LJPC / PLCC / RPRX / VSAR / ZGNX / |
Redmile Group, LLC | 16.46% (12956446) | ARRY / FOLD / |
Do Hung Sr Vice President Discovery | 0.57% (446771) | FOLD / |
Crowley John F Chairman & CEO | 0.55% (434604) | FOLD / |
Campbell Bradley L Chief Business Officer | 0.20% (154100) | FOLD / PGNX / |
LOVE TED W | 0.19% (147814) | ABIO / AFFY / FOLD / KBIO / MSTX / ONTY / |
Baird William D III Chief Financial Officer | 0.15% (117622) | FOLD / |
Barth Jay Chief Medical Officer | 0.11% (85409) | FOLD / |
Rosenberg Ellen General Counsel & Corp. Secy | 0.10% (80025) | FOLD / |
Quimi Daphne Corporate Controller | 0.08% (64332) | FOLD / |
David Allsop SVP International | 0.06% (50000) | FOLD / |
BARER SOL J | 0.06% (45000) | AEGR / CFRX / FOLD / MDGN / |
Andrews Kurt J. SVP, Human Resources | 0.05% (40469) | FOLD / |
Dilone Enrique VP, Technical Operations | 0.04% (30688) | FOLD / |
Valenzano Ken VP, Pharmacology & Biology | 0.04% (27687) | FOLD / |
Baldry Mark VP Global Marketing | 0.03% (25000) | FOLD / |
Castelli Jeff VP, Program Management | 0.03% (25000) | FOLD / |
Peist Kenneth VP, Intellectual Property | 0.02% (18874) | FOLD / |
SBLENDORIO GLENN | 0.02% (17747) | FOLD / ICPT / MDCO / OPHT / |
MCGLYNN MARGARET G | 0.02% (15814) | APD / FOLD / VRTX / |
WHEELER CRAIG A | 0.01% (5814) | AVNR / FOLD / MNTA / |
HAYDEN DONALD J JR | 0.01% (5814) | FOLD / INSM / VTAE / |
RAAB MICHAEL | 0.01% (5814) | ARDX / FOLD / |
ESSNER ROBERT | 0.01% (5814) | FOLD / |
Gershkowitz Jayne VP, Patient Advocacy | 0.01% (5693) | FOLD / |
Kirk John VP, Regulatory Affairs | 0.01% (5687) | FOLD / |