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Ultragenyx Pharmaceuticals is a specialised company in the research, development and commercialisation of drugs for the curing of genetic diseases. The company’s stock is now trading nears its 52-week low. The company has indeed seen of some of its recent researches getting abandoned despite strong investment after trials were not successful.
In November Ultragenyx pharmaceuticals is awaiting for the FDA approval regarding a new molecule rhGUS which has a strong potential. This molecule has had trials that showed good results which is why we believe that the stock price may surge amid the final FDA decision. On top of that the European Union should allow the drug to enter the single market by next year.
According to us, this is a great short-term opportunities. It is of course highly speculative but fundamentals seem to show that the risk potential is asymmetric. Downside risk is very limited while upside can be tremendous.
For the time being, the company will disclose its earnings next Monday 6th of November after the market closes. It may be good to enter the trade the next day hoping that the FDA decision will not be known at that moment.