Investors need to pay close attention to ARQT stock based on the movements in the options market lately.
Arcutis Biotherapeutics (ARQT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
After reaching an important support level, Arcutis Biotherapeutics, Inc. (ARQT) could be a good stock pick from a technical perspective. ARQT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
| - Industry | - Sector | Todd Franklin Watanabe CEO | NASDAQ (NGS) Exchange | 03969K108 CUSIP |
| US Country | 342 Employees | - Last Dividend | - Last Split | 31 Jan 2020 IPO Date |
Arcutis Biotherapeutics, Inc. is a pioneering biopharmaceutical enterprise dedicated to advancing and bringing to market treatments for various dermatological conditions. The company carved out its niche in the healthcare and pharmaceutical landscape by focusing on innovations in dermatology, aiming to address unmet medical needs. Initially known as Arcutis, Inc., the company underwent a rebranding in October 2019, emerging as Arcutis Biotherapeutics, Inc., to perhaps more accurately reflect its focus and ambition in the biotherapeutic domain. Since its inception in 2016, Arcutis has positioned its headquarters in Westlake Village, California, evolving its portfolio to target a variety of skin conditions with considerable unmet medical need.
ARQ-151 is Arcutis Biotherapeutics' leading product candidate, designed as a topical cream with the active ingredient roflumilast. It has successfully completed Phase III clinical trials for the treatment of plaque psoriasis and atopic dermatitis. Its development reflects the company’s commitment to providing innovative solutions for dermatological conditions with significant patient impact.
This is another promising product from Arcutis, formulated to combat scalp and body psoriasis as well as seborrheic dermatitis. Its development underscores the company's dedication to expanding its portfolio to include treatments for widespread dermatological conditions that affect large populations globally.
Arcutis is developing ARQ-252 as a targeted therapeutic approach for conditions like hand eczema and vitiligo. By focusing on the inhibition of janus kinase type 1, this product aims to offer a novel mechanism of action for treating these challenging dermatological conditions.
With ARQ-255, the company targets alopecia areata, an autoimmune condition causing hair loss. This product's development highlights Arcutis Biotherapeutics' efforts in addressing the need for more effective treatments for conditions that can significantly affect patients' quality of life and self-esteem.
The development of ARQ-234, a CD200R fusion protein for treating moderate-to-severe atopic dermatitis, epitomizes the innovative spirit of Arcutis Biotherapeutics. This product is aimed at providing a new option for patients struggling with severe forms of this common skin condition, potentially improving outcomes and quality of life for this patient population.