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TG Therapeutics up on prelim sales of multiple sclerosis drug, 2024 view



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** Shares of drugmaker TG Therapeutics TGTX.O rise 11.14% to $23.35 premarket

** Co says prelim Q4 sales of its multiple sclerosis drug, Briumvi, at ~$40 million

** Analysts were expecting Q4 rev of $37.55 mln - LSEG data

** Co targets product revenue of $41-$46 mln for Q1 2024 and $220-$260 mln for full year 2024

** In Dec 2022, the U.S. FDA approved the monoclonal antibody used for the treatment of patients with relapsing forms of multiple sclerosis, a neurological disease in which the immune system attacks the brain cells, causing motor disabilities

** Stock rose ~44% in 2023



Reporting by Sriparna Roy

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