Questcor (QCOR) Sees Upside on Positive Comments on Generic Acthar

August 15, 2012 9:46 AM EDT
Get Alerts QCOR Hot Sheet
Price: $93.60 --0%

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    7 Buy, 9 Hold, 1 Sell

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    Up: 28 | Down: 28 | New: 23
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Questcor Pharmaceuticals, Inc. (Nasdaq: QCOR) is seeing upside following positive comments from BofA/ML. The firm said after meetings with Momenta Pharmaceuticals Inc. (Nasdaq: MNTA), management indicated generic Acthar could be commercial infeasible to produce.

Worries about competition for Acthar has been a key overhang on the stock, so the comments are being well received.

Shares of QCOR are up 2.4 percent to $39.90.

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