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The analyst upgrade and robust prescription growth indicate improving fundamentals. Historically, similar upgrades led to significant price rallies in the pharma generics sector.
What happened, with direct paths to the underlying reporting
J.P. Morgan upgraded AMRX due to its strong generics business. Crexont’s launch reinforced this view. FDA approved Crexont for Parkinson’s; prescriptions neared 1,000 per week. Growth is evident. Crexont now captures 15% of Rytary’s volume. Revenue projections have risen significantly. AMRX shifted from simple tablets to complex generics. Q4 earnings report and raised target support long-term growth.
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