Arcutis Biotherapeutics Bolsa (NASDAQ: ARQT)

Últimas noticias sobre Arcutis Biotherapeutics (NASDAQ:ARQT) Bolsa

Arcutis Biotherapeutics

Arcutis Biotherapeutics Inc is a medical dermatology company. It is developing treatments for patients with immune-mediated dermatological diseases and conditions. It is leveraging recent advances in immunology and inflammation to develop differentiated therapies against biologically validated targets to solve persistent treatment challenges in serious diseases of the skin. The company's lead product candidate ZORYVE roflumilast cream, has successfully completed pivotal Phase 3 clinical trials in plaque psoriasis, demonstrating symptomatic improvement and favorable tolerability in this population.

Arcutis Biotherapeutics, Inc. - Common stock

Arcutis Biotherapeutics Inc

A recent poll shows that 50% of Utahns now support the legalization of adult-use recreational marijuana, reflecting a significant shift in public opinion. 
The survey, conducted by Noble Predictive Insights for the Utah Patients Coalition, highlights evolving attitudes just six years after the state legalized medical marijuana.&nbsp;
Utah's cannabis market, with its underserved demand due to strict regulations, high prices and limited access, hints at significant untapped potential for investors if rules evolve. 
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<h3 class="wp-block-heading">Key Poll Findings</h3>
The poll shows that 50% of Utah voters support recreational cannabis legalization, while 38% prefer medical cannabis only and 9% believe it should remain illegal. Younger voters, aged 18-34, overwhelmingly favor legalization at 60%, while only 29% of those over 65 support it.
<h3 class="wp-block-heading">Shifting Attitudes And The Medical Cannabis Program</h3>
Desiree Hennessy, executive director of the Utah Patients Coalition, noted growing acceptance of recreational cannabis. She pointed to the evolution of the medical marijuana program, established after voters approved Proposition 2 in 2018, as part of the shift in attitudes. However, issues like pricing and access still push many patients to seek weed from other states or through illegal markets.
Rep. Jennifer Dailey-Provost <a href="https://www.fox13now.com/news/politics/new-poll-shows-half-of-utahns-now-support-legalizing-recreational-marijuana">emphasized</a> that high prices in Utah's medical program are driving patients elsewhere. She plans to introduce legislation in 2025 to improve pricing transparency for patients.
<h3 class="wp-block-heading">Cannabis Regulations In Utah</h3>
Utah maintains strict regulations on cannabis use, allowing only medical marijuana under the Utah Medical Cannabis Act. Smoking is prohibited, with legal options limited to capsules, tinctures and vaporized products. Penalties for possessing recreational cannabis remain severe, with fines of up to $1,000 for small amounts. Many patients still look to out-of-state sources to escape high costs.
Several companies, including Dragonfly Wellness, the first medical cannabis dispensary in Salt Lake City, are active in Utah's regulated medical cannabis market. Multi-state operators such as Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>), Columbia Care (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CCHWF#OTC">CCHWF</a>), and Bloom Medicinals are also <a href="https://www.benzinga.com/markets/cannabis/24/06/39256426/heres-how-to-enhance-marijuana-therapies-kindlymd-and-curaleaf-collab-provide-more-resources-and">licensed to operate in the state</a>, contributing to the network of 14 medical dispensaries. Utah recently issued its 15th medical cannabis pharmacy license, further expanding its regulated market​. 
Read Also:<a href="https://www.benzinga.com/markets/cannabis/24/10/41348741/why-pennsylvanias-gop-districts-are-embracing-weed-the-cannabis-revolution-you-didnt-see-coming"> Why Pennsylvania&#8217;s GOP Districts Are Embracing Weed: The Cannabis Revolution You Didn&#8217;t See Coming</a>
<h3 class="wp-block-heading">Market Insights For Cannabis Investors</h3>
According to the March 2024 report from the Utah Department of Health and Human Services, Utah&#8217;s medical cannabis market faces a competitive landscape due to <a href="https://www.benzinga.com/markets/cannabis/24/02/37269098/utah-considers-defunding-agencies-that-discriminate-against-medical-marijuana-patients-arizona-w">cross-price pressures from neighboring states </a>with mature adult-use cannabis markets.
As of March 2024, Utah had 83,421 registered medical cannabis patients, primarily treating pain, PTSD, and nausea. Utah's medical market captures 40.13% of cannabis demand, with patients sourcing an average of 4.01 grams per month from medical dispensaries.&nbsp;
However, when it comes to purchasing decisions for medical cannabis in Utah, price is the most important factor for 28% of patients, followed by THC/CBD content at 22%. Price remains a dominant factor, consistently ranking higher than other attributes in patient decision-making. 
Price discrepancies with neighboring states are driving patients to look for other options, with Utah residents willing to pay $12.15 per gram, compared to $8.37 in Colorado and $8.58 in <a href="https://www.benzinga.com/topic/nevada-cannabis">Nevada</a>. Monthly spending averages $109.10, close to the national average.
The <a href="https://ag.utah.gov/wp-content/uploads/2024/04/Utah-Medical-Cannabis-Market-Analysis_2023.pdf">report </a>from the Department of Health and Human Services found that 25.5% of medical cannabis patients traveled out of state for cannabis in the past month, with 58.53% going to<a href="https://www.benzinga.com/topic/colorado-cannabis"> Colorado </a>and Nevada.&nbsp;
Meanwhile, 26.6% of non-patients also traveled out of state for cannabis. There was only a 1.1% difference in travel frequency between medical and non-medical users, with non-patients slightly more likely to travel.
Read Also:<a href="https://www.benzinga.com/markets/cannabis/24/10/41382006/hemp-thrives-in-texas-shops-near-schools-why-this-company-bet-on-the-countrys-most-regulated-can"> Hemp Thrives In Texas Shops Near Schools: Why This Company Bet On The Country&#8217;s Most Regulated Cannabis Market</a>
<h3 class="wp-block-heading">Future Of Recreational Cannabis In Utah</h3>
Despite growing support, Utah's path to recreational cannabis legalization remains uncertain. Dailey-Provost notes that federal descheduling may be necessary before any significant political movement occurs. For now, Utah is surrounded by states with legal recreational markets, which could add pressure for future changes.
Read Next:<a href="https://www.benzinga.com/general/biotech/24/10/41394513/sold-out-before-hitting-shelves-why-did-ayr-wellness-snatch-up-this-local-cannabis-brand"> Sold Out Before Hitting Shelves: Why Did AYR Wellness Snatch Up This Local Cannabis Brand?</a>

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CCHWF

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

Is Utah Ready For Legal Weed? Half The State Says Yes -What's The Market Potential?

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Econ #s

Economics

API Weekly Crude Oil Stock Build Of 1.643 Barrels Vs Build Of 0.700M Barrel Est.; Draw Of 1.580M Barrels Prior

WIIM

MTDR

Matador Resources shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 production guidance.

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Weatherford shares are trading higher following Q3 financial results.

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VICR

Vicor shares are trading higher after the company reported better-than-expected Q3 financial results.

Stride shares are trading higher after the company reported better-than-expected Q1 financial results and issued FY25 and Q2 revenue guidance above estimates.

Peapack Gladstone Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGC#NASDAQ">PGC</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.37 by 16.22 percent. This is a 12.24 percent decrease over earnings of $0.49 per share from the same period last year. The company reported quarterly sales of $56.62 million which beat the analyst consensus estimate of $56.25 million by 0.66 percent. This is a 1.34 percent increase over sales of $55.87 million the same period last year.

Earnings

Earnings Beats

Peapack Gladstone Finl Q3 EPS $0.43 Beats $0.37 Estimate, Sales $56.62M Beat $56.25M Estimate

FS Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSBW#NASDAQ">FSBW</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $1.14 by 13.16 percent. This is a 14.16 percent increase over earnings of $1.13 per share from the same period last year.

FSBW

FS Bancorp Q3 EPS $1.29 Beats $1.14 Estimate

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Ocuphire Pharma shares are trading higher after the company announced its new OPGx-LCA5 Phase 1/2 6-month data demonstrated safety and visual improvement in its early onset regional degeneration. Also, the company will seek a strategic partner to continue the development of APX3330.

ANRO

Alto Neuroscience shares are trading lower after the company announced topline results from a Phase 2b trial evaluating ALTO-100 as a treatment for major depressed disorder did not meet its primary endpoint.

Southeast Airport Group Q3 2024 GAAP EPS $5.7374 Beats $5.73 Estimate

This closure is part of the Company&rsquo;s Fit to Win initiative to reduce redundant capacity and begin to optimize its network. Additional furnace closures and other restructuring actions are expected later in 2024.
The furnace closure is expected to occur on or after November&nbsp;18, 2024. The Company intends to facilitate the closure in a respectful manner for the approximately 150 people impacted.&nbsp;&nbsp;
Subject to finalization of certain estimates, the Company expects to record a charge associated with this closure of approximately $39 million in the third quarter of 2024.&nbsp; Major components of the charge include approximately $24 million for impairment of plant-related assets, such as the closed furnace and related machinery, and $15 million for one-time employee separation benefits and other costs related to the closing (of which approximately $10 million relate to future cash expenditures).

On October 21, O-I Glass Finalizes Plans For Closure Of A Furnace In Its Americas Segment

Seagate Technology shares are trading lower. The company reported Q1 financial results.

Buybacks

SEIC

SEI Expands Stock Repurchase Program By $400M, Bringing Total Authorization To Approximately $429M

CSGP

CoStar shares are trading lower after the company reported worse-than-expected Q3 revenue results.

Packaging Corp shares are trading higher after the company reported better-than-expected Q3 financial results.

Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) reported quarterly earnings of $0.84 per share which beat the analyst consensus estimate of $0.82 by 2.44 percent. The company reported quarterly sales of $195.581 million which beat the analyst consensus estimate of $192.457 million by 1.62 percent. This is a 0.73 percent increase over sales of $194.160 million the same period last year.

TRMK

Trustmark Q3 2024 Adj. EPS $0.84 Beats $0.82 Estimate, Sales $195.581M Beat $192.457M Estimate

Franklin Financial Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRAF#NASDAQ">FRAF</a>) reported quarterly earnings of $0.95 per share. This is a 7.95 percent increase over earnings of $0.88 per share from the same period last year.

FRAF

Franklin Financial Servs Q3 EPS $0.95 Up From $0.88 YoY

Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) reported its third-quarter financial results after Tuesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/n41465683/ti-reports-third-quarter-2024-financial-results-and-shareholder-returns">details from the report.&nbsp;</a>
The Details: Texas Instruments reported quarterly earnings of $1.47 per share, which beat the analyst consensus estimate of $1.37. Quarterly revenue of $4.151 billion beat the consensus estimate of $4.12 billion.
&#8220;Industrial continued to decline sequentially, while all other end markets grew. Our cash flow from operations of $6.2 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $1.5 billion,&#8221; said Haviv Ilan, CEO of Texas Instruments.
&#8220;Over the past 12 months we invested $3.7 billion in R&amp;D and SG&amp;A, invested $4.8 billion in capital expenditures and returned $5.2 billion to owners,&#8221; Ilan added.
Read Next: <a href="https://www.benzinga.com/news/24/10/41418987/nuclear-energy-stocks-are-hot-heres-a-list-of-tickers-to-watch">Nuclear Energy Stocks Are Hot: Here&#8217;s A List Of Tickers To Watch</a>
Outlook: Texas Instruments sees fourth-quarter earnings between $1.07 and $1.29 per share, versus the $1.34 estimate and quarterly revenue in a range of $3.7 billion to $4 billion, versus the $4.07 billion consensus estimate. 
TXN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Texas Instruments shares are seesawing after the close, but at publication on Tuesday were up 0.015% at $194.
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Photo: Shutterstock&nbsp;

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Texas Instruments Shares Seesaw After Q3 Results Beat Estimates, Weak Q4 Guidance

There's a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Align Tech (ALGN – Research Report) and Arcutis Biot...

Analysts Offer Insights on Healthcare Companies: Align Tech (ALGN) and Arcutis Biotherapeutics (ARQT)

Arcutis: Shares Plateau After Early 2024 Gains, But Further Upside Looks Likely

Arcutis surges 18% as Mizuho highlights growth of Zoryve

Arcutis Biotherapeutics (ARQT) has received a new Buy rating, initiated by Jefferies analyst, Kambiz Yazdi. Kambiz Yazdi has given his Buy rating d...

Buy Rating Initiated on Arcutis Biotherapeutics Amidst Zoryve's Market Expansion and Promising Sales Trajectory

With recent top-and-bottom-line beats, biotech Arcutis Biotherapeutics ($ARQT) continues to grab attention as demand for its recently approved trea...

Arcutis Biotherapeutics (ARQT) Riding High on Psoriasis Treatment

Vikram Purohit, an analyst from Morgan Stanley, maintained the Buy rating on Arcutis Biotherapeutics (ARQT – Research Report). The associated price...

Buy Rating Affirmed for Arcutis Biotherapeutics Amid Positive Dermatology Market Signals

Arcutis' supplemental application for Zoryve accepted by FDA

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Bioxcel Therapeutics (BTAI – Research Report) and ...

Analysts Offer Insights on Healthcare Companies: Bioxcel Therapeutics (BTAI) and Arcutis Biotherapeutics (ARQT)

Mizuho Securities analyst Uy Ear maintained a Buy rating on Arcutis Biotherapeutics (ARQT – Research Report) on October 11. The company's shares cl...

Arcutis Biotherapeutics (ARQT) Gets a Buy from Mizuho Securities

There's a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Arcutis Biotherapeutics (ARQT – Research Report) and...

Wall Street Analysts Are Bullish on Top Healthcare Picks

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Press Releases

Arcutis to Present at the Morgan Stanley 22nd Annual Global Healthcare Conference

Arcutis Announces Positive Long-Term Results of Roflumilast Cream 0.05% Show Durable and Improved Efficacy Over Time and Favorable Safety Profile in Treatment of Children Aged 2 to 5 with Mild to Moderate Atopic Dermatitis

Arcutis Completes Enrollment of Phase 1b Alopecia Areata Study Evaluating ARQ-255

Markets

Arcutis Biotherapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Analyst Ratings

Arcutis Announces Publication of ZORYVE® (roflumilast) Cream 0.15% Pivotal Results from Phase 3 INTEGUMENT-1 and -2 Trials in Mild to Moderate Atopic Dermatitis in Journal of American Medical Association Dermatology

FDA Accepts Arcutis' Supplemental New Drug Application for ZORYVE® (roflumilast) Foam for the Treatment of Scalp and Body Psoriasis in Adults and Adolescents Ages 12 and Over

New Data Shows ZORYVE® (Roflumilast) Cream 0.15% Provided Consistent Improvement of Atopic Dermatitis in Individuals With Diverse Skin Types

General

Arcutis Announces Health Canada Approval of ZORYVE® (Roflumilast) Foam 0.3% to Treat Seborrheic Dermatitis in Individuals 9 Years of Age and Older

Arcutis Canada Announces Health Canada Approval of ZORYVE® Foam to Treat Seborrheic Dermatitis in Individuals 9 Years of Age and Older

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