Titan Pharmaceuticals TTNP Stock News

Titan Pharmaceuticals, Inc. (NASDAQ: TTNP) is running for the top in the market today, gaining more than 15% as it follows up on its recent upward movement. While the stock has seen strong gains as of late, there’s a good chance that the gains are far from over. Here’s how I see it:

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Why TTNP Stock Could Fly Far Further

Titan Pharmaceutals hasn’t been on this strong run for very long. The truth of the matter is that over the past six months, the stock’s performance has been pretty disappionting. 

Unfortunately, TTNP has been struggling with financial issues, causing the company to raise funds multiple times over the past six months. Through this period, many investors have lost faith and short interest has risen while the stock price has fallen. 

Nonetheless, last week, the company announced that it had signed an agreement, making its Probuphine implant available in the Federal Supply Schedule. This make it so that veteran patients and other members of the Federal Government have access to the treatment. 

Probuphine is indicated for the treatment of Opiod Use Disorder. Due to the harsh conditions that our service men and women endure, opiods are commonly used as treatment options for injuries sustained on duty. This, unfortunately, leads to an addiction to opiods in many cases. 

As such, the nine million VA beneficiaries in the United States represent a very important audience for this treatment. As such, investors are seeing a light at the end of the tunnel and a strong opportunity to generate revenue at TTNP. So, the stock is headed up and the shorts are being squeezed out of their positions

The Potential Here Is Incredible

With the announcement that Probuphine has been added to the Federal Supply Schedule, the doors are opening to a huge opportunity. As you can imagine, sales have the potential to skyrocket from here. 

With strong sales comes strong revenue, and with strong revenue comes the potential for profits. This may be the first big step in the right direction for TTNP in quite a while, and it may be the step, that over time, leads to profits. 

Should this be the case, the stock has the potential to climb well above the $2 highs that we’ve seen in the past year!

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