Amicus Therapeutics (FOLD) Rides DMX-200 Progress and Bullish Coverage – Is Its Pipeline Undervalued?

• In recent days, Dimerix announced that its ACTION3 Phase 3 trial of DMX-200 for focal segmental glomerulosclerosis completed recruitment and dosing of 286 adult patients, while Amicus Therapeutics drew fresh attention after new analyst coverage highlighted the company’s earnings potential.
• Together, the late-stage progress of DMX-200 and the wave of optimistic research coverage sharpen the focus on Amicus’s pipeline depth and prospects for earnings improvement.
• Now we’ll examine how this bullish analyst coverage, combined with progress on DMX-200, may influence Amicus Therapeutics’ existing investment narrative.

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Amicus Therapeutics Investment Narrative Recap

To own Amicus Therapeutics, you have to believe that its rare disease portfolio, led by Galafold and Pombiliti/Opfolda, can translate into durable profitability while its pipeline adds diversification beyond a few core drugs. The latest analyst optimism and the DMX-200 Phase 3 recruitment milestone both point toward potential earnings improvement, but they do not materially change the near term focus on achieving consistent GAAP profitability or the key risk of revenue concentration in a small product set.

The completion of recruitment and dosing in the Phase 3 ACTION3 trial for DMX-200 in focal segmental glomerulosclerosis is the most relevant development here, since it moves a key late stage asset closer to a potential regulatory outcome. That progress, combined with upbeat analyst coverage, ties directly into Amicus’s pipeline catalyst: the chance to broaden future revenue beyond Fabry and Pompe, even as the trial still carries the usual clinical and regulatory uncertainties.

However, investors should also weigh the risk that heavy dependence on a few rare disease drugs leaves Amicus exposed if...

Read the full narrative on Amicus Therapeutics (it's free!)

Amicus Therapeutics' narrative projects $995.5 million revenue and $234.9 million earnings by 2028.

Uncover how Amicus Therapeutics' forecasts yield a $15.60 fair value, a 43% upside to its current price.

Exploring Other Perspectives

Four members of the Simply Wall St Community place Amicus’s fair value between US$13.96 and US$54.61, showing a wide spread of expectations. Against that backdrop, the company’s reliance on a small number of high priced rare disease therapies raises important questions about how resilient earnings could be if competitive or pricing pressures build.

Explore 4 other fair value estimates on Amicus Therapeutics - why the stock might be worth just $13.96!

Build Your Own Amicus Therapeutics Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Amicus Therapeutics research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free Amicus Therapeutics research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Amicus Therapeutics' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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