TG Therapeutics' Briumvi Has Potential For Growth In A Crowded Market

Mar. 22, 2023 10:30 AM ETTG Therapeutics, Inc. (TGTX) StockTGTX9 Comments
LB Research
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Summary

  • TG Therapeutics achieved approval of Briumvi, a CD20 antibody for relapsing MS, a needed win following the withdrawal of their only other product.
  • Briumvi has comparable data but a lower cost than other CD20 inhibitors, possibly making it an attractive treatment option.
  • They have the potential to grow earnings significantly, but they must effectively establish the brand in a crowded market.
  • Failure to sell their product this year will leave them struggling for cash flow.

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Main news

TG Therapeutics (NASDAQ:TGTX) achieved approval for their only currently approved drug, Briumvi (ublituximab) in December 2022. This is a CD20 antibody medication indicated for the management of relapsing multiple sclerosis (MS) following the results of their phase III

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