Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Aratana Therapeutics Inc. Shares Jumped

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Aratana Therapeutics (NASDAQ: PETX  ) , a clinical-stage biopharmaceutical company engaged in developing therapies to treat pets, jumped as much as 11% after providing a year-end development update on its pipeline.

So what: According to the press release, Aratana met all of its 2013 milestone developments which are sure to make investors happy. In its clinical study of AT-001 for dogs with osteoarthritis, Aratana today announced broader data which includes a clinical success rate of 61.6% in the AT-001 arm as compared to 42.2% for the placebo group. For AT-002, its inappetence drug, Aratana notes that it's begun initiating its effectiveness study which will enroll approximately 150 client-owned dogs in January with top-line results expected in the first-half of 2015. Finally, Aratana announced plans to begin a field study on AT-003 for the management of post-operative pain in dogs.

Now what: Aratana is a very troublesome stock to put a valuation on because it's entirely in the clinical stages of its development, yet Wall Street pegs the company to be worth north of $425 million which seems pretty steep. On the other hand, pet owners will do anything necessary to ensure the health of their pets, and that means paying hefty prices for branded medications. I could certainly see Aratana having a very bright future, but would for the time being stick to the sidelines until it has at least one drug approved for marketing.

Here's the stock you should really be watching as we head into 2014
There's a huge difference between a good stock, and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2775374, ~/Articles/ArticleHandler.aspx, 9/29/2016 7:52:25 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 4:00 PM
PETX $8.91 Down -0.48 -5.11%
Aratana Therapeuti… CAPS Rating: ***