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Last $12.25 USD
Change Today -0.05 / -0.41%
Volume 1.0M
FOLD On Other Exchanges
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

amicus therapeutics inc (FOLD) Snapshot

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52 Week High
03/19/15 - $13.20
52 Week Low
04/28/14 - $1.80
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amicus therapeutics inc (FOLD) Details

Amicus Therapeutics, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of medicines for various rare and orphan diseases. Its product candidate is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease. The company’s development programs include next-generation ERTs for lysosomal storage disorders (LSDs), such as Fabry disease, Pompe disease, and Mucopolysaccharidosis Type I. It also develops pharmacological chaperone migalastat HCl as a monotherapy that has completed two Phase III global registration studies for Fabry disease; ATB200, a recombinant human acid-alpha glucosidase that is in late preclinical development for Pompe disease; and AT3375 for the treatment of Parkinson's disease. The company has strategic collaboration with GlaxoSmithKline PLC to develop and commercialize migalastat. Amicus Therapeutics, Inc. was founded in 2002 and is based in Cranbury, New Jersey.

97 Employees
Last Reported Date: 03/3/15
Founded in 2002

amicus therapeutics inc (FOLD) Top Compensated Officers

Chairman and Chief Executive officer
Total Annual Compensation: $824.1K
President and Chief Operating Officer
Total Annual Compensation: $475.0K
Chief Financial Officer and Secretary
Total Annual Compensation: $445.1K
Compensation as of Fiscal Year 2013.

amicus therapeutics inc (FOLD) Key Developments

James N. Topper Not to Seek for Re-Election to the Board of Amicus Therapeutics

On April 9, 2015, James N. Topper, M.D., Ph.D. informed the board of directors of Amicus Therapeutics, Inc. that he will not seek re-election to the Board when his term expires at the company's upcoming 2015 Annual Meeting of Stockholders.

Amicus Therapeutics, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Cash Spend Guidance for the Year of 2015

Amicus Therapeutics, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported loss from operations of $21.997 million compared to $15.790 million a year ago. Loss before tax was $22.332 million compared to $15.749 million a year ago. Net loss attributable to common stockholders was $21.219 million or $0.24 per basic and diluted share compared to $12.237 million or $0.22 per basic and diluted share a year ago. For the year, the company reported total revenue of $1.224 million compared to $0.363 million a year ago. Loss from operations was $68.701 million compared to $64.181 million a year ago. Loss before tax was $70.039 million compared to $63.145 million a year ago. Net loss attributable to common stockholders was $68.926 million or $0.93 per basic and diluted share compared to $59.633 million or $1.16 per basic and diluted share a year ago. Net cash spend was $53.2 million. The narrower net loss per share versus the year-ago period is attributed to an increase in the shares outstanding as a result of ATM and follow-on public offerings. The company expects full-year 2015 net cash spend between $73 million and $83 million.

Amicus Therapeutics Seeks Acquisitions

Amicus Therapeutics, Inc. (NasdaqGM:FOLD) stated in its Form S-3 filed on March 3, 2015 that, except as otherwise provided in the applicable prospectus supplement relating to a specific offering, they intend to use the net proceeds from the sale of securities by us under this prospectus for general corporate purposes, which may include working capital, capital expenditures, research and development expenditures, clinical trial expenditures, commercial expenditures, acquisitions of new technologies or businesses, and investments. Additional information on the use of net proceeds from the sale of securities under this prospectus may be set forth in the prospectus supplement relating to the specific offering.


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