Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Many people think that the excitement about Amryt (AMYT) is down to its EB treatment where phase three trials are now underway. Well that is a lot of excitement but there is far more as the latest news makes clear.
Amryt has announced study results which evaluated the benefits of Lojuxta (lomitapide) in the treatment of Homozygous Familial Hypercholesterolaemia , a rare, life-threatening disease, which impairs the body's ability to remove LDL cholesterol from the blood. The study results confirmed that 'real-world' experience of a cohort of Italian patients show that Lojuxta is a very powerful cholesterol-lowering agent and, in particular, achieved greater efficacy than clinical trials of the drug.
Lojuxta is an MTP inhibitor approved for adjunctive treatment in adult patients with HoFH and was in-licenced by Amryt in early December 2016. Amryt's exclusive licence covers the European Economic Area , Middle East and North Africa , Turkey and Israel.
This is a company which is delivering real sales already. EB is the excitement but this is an added reason to hold. The shares now trade at 23p-25p, well up on our original tip but still below our target price to sell of 28p+.
Some brokers reckon the shares are worth 88p. Whatever. This is a very strong hold.
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