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Benzinga
216 days

Scholar Rock Sets Sights on $2 Billion Apitegromab Revenue Amid Spinal Muscular Atrophy Market Growth

1. CEO Jay Backstrom discussed apitegromab for spinal muscular atrophy at J.P. Morgan. 2. Company plans U.S. and European marketing applications by Q1 2025. 3. Apitegromab projected to generate over $2 billion in global revenue. 4. JP Morgan maintains an Overweight rating on Scholar Rock, citing strong SAPPHIRE results. 5. Details from the phase 2 EMBRAZE trial expected in Q2 2025.

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FAQ

Why Bullish?

The positive outlook on apitegromab and an Overweight rating may drive SRRK growth.

How important is it?

The article discusses key developments and future expectations for Scholar Rock's lead drug.

Why Long Term?

The anticipated FDA submissions and revenue growth signal a promising future for SRRK.

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