UP!

FOLD $10.54

FOLD target price
10.54
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0
Amicus Therapeutics, Inc.
Traded as NASDAQ: FOLD
Industry pharmaceutical
Founded February 4, 2002 (2002-02-04)
Headquarters Cranbury, New Jersey, United States
Key people
  • John Crowley (CEO)
  • Bradley Campbell (COO)
  • William Baird (CFO)
Revenue
  • Decrease US$363,000 (2013)
  • Decrease $18,411,000 (2012)
Operating income
  • Decrease ($64,181,000) (2013)
  • Decrease ($52,931,000) (2012)
Net income
  • Decrease ($59,633,000) (2013)
  • Decrease ($48,785,000) (2012)
Total assets
  • Increase $127,563,000 (2013)
  • Increase $110,088,000 (2012)
Total equity
  • Decrease $45,751,000 (2012)
  • Increase $69,220,000 (2012)
Number of employees
92 (31 Dec 2013)
Website amicusrx.com
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.

Q reports

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

Ratings

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

Major Shareholders

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 /