Monday, July 9, 2012

Questcor (Nasdaq: QCOR) Stock Hits High On June Acthar Sales Figures

Questcor (Nasdaq: QCOR) Stock Hits High On June Acthar Sales FiguresOrlando, FL 7/9/12 (StreetBeat) -- Questcor (Nasdaq:QCOR) popped 8.3% in early trading Monday, near 54.40, after it released preliminary June sales of its lone drug, Acthar.

The company estimated it sold 400-410 paid prescriptions for the leading indication, multiple sclerosis, up at least 50% from June 2011. Anti-nephrotic syndrome prescriptions, which Questcor started actively marketing last year, jumped more than fivefold to 115-120. There were also three prescriptions filled for a rheumatology condition called dermatomyositis/polymyositis, for which Questcor announced commercialization plans last month.

The move brought Questcor's shares to an all-time high after they previously topped out at 54.30 on June 26.

Questcor, a longtime member of the IBD 50 rankings of top stocks, is currently No. 2.

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