After spending more than six months at a nothing better than a mediocre three-star rank, DepoMed
With two drugs already on the market and a growing pipeline, CAPS members have grown more bullish on DepoMed's stock along with some of its recent developments. The company reported a 56% jump in first-quarter revenue, with help from strong sales of its diabetes drug Glumetza, which is marketed with promotional partner Santarus
The company's shares have been fighting their way back after a taking hit earlier this year related to the FDA's rejection of XenoPort's and GlaxoSmithKline's
DepoMed has also established other licensing partnerships like its deal with Merck
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