Catalyst Pharmaceuticals, Inc. CPRX reported earnings of 11 cents per share in the third quarter of 2020 after excluding benefits from deferred tax assets, beating the Zacks Consensus Estimate of 9 cents. Meanwhile, the company reported a profit of 13 cents in the year-ago quarter.The company’s revenues of $29.2 million missed the Zacks ConsensusEstimate of $31 million. Revenues in the year-ago quarter came in at $30.9 million. Revenues came entirely from sales of Firdapse, the company’s first approved drug for the treatment of Lambert-Eaton myasthenic syndrome (LEMS).Shares of Catalyst have lost 11.7% in the year so far compared with the industry’s decline of 4.4%. Quarter in DetailResearch and development (R&D) expenses of $3.7 million declined from $4.6 million reported in the year-ago quarter. The downside was attributable to decreases in medical and regulatory affairs and quality assurance expenses and expenses from the ongoing clinical studies evaluating Firdapse for the treatment of MuSK-MG, and the proof-of-concept study evaluating Firdapse for the treatment of SMA Type 3.Selling, general and administrative (SG&A) expenses totaled $10 million, up from $8.1 million reported in the year-ago quarter. The increase was led by additional costs from the expansion of the sales force and contraction with a rare-disease, experienced inside sales agency, and an increase in employee cash stock-based compensation.The company ended the quarter with $117.1 million in cash and investments, up from $89.5 million as of Dec 31, 2019.Update on FirdapseApart from LEMS, Catalyst is working on developing Firdapse for other indications. In August 2020, the company reported top-line results from the phase III study on Firdapse in anti-MuSK antibody positive myasthenia gravis patients. In the study, the primary and secondary endpoints did not achieve statistical significance. The company plans to complete the full analysis of data and findings and meet its neuromuscular advisors to decide thepath forward for the MuSK-MG indication.Firdapse is also being evaluated in a proof-of-concept study for the treatment of spinal muscular atrophy (SMA) type 3 patients. Top-line results from this study are expected before the end of 2020.A potential approval of the drug for any of the given indications will further drive revenues for the company. Zacks Rank & Stocks to ConsiderCatalyst currently has a Zacks Rank #3 (Hold).Some better-ranked stocks in the biotech sector are Avenue Therapeutics Inc. ATXI, BioLineRx Ltd, BLRX and Concert Pharmaceuticals Inc. CNCE. All stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Avenue’s loss per share estimates have narrowed from 63 cents to 47 cents for 2020 and increased from a profit 16 cents to 23 cents for 2021 in the past 60 days. Shares of the company have decreased 68.6% year to date.BioLineRx’sloss per share estimates have narrowed from $1.95 to $1.67 for 2020 and from $1.44 to $1.36 for 2021 in the past 60 days. Shares of the company have increased 1.3% year to date.Concert’s loss per share estimates have narrowed from $2.68 to $2.65 for 2020 and from $2.71 to $2.68 for 2021 in the past 60 days. Shares of the company have decreased 11.3% year to date. Catalyst Pharmaceuticals, Inc. Price, Consensus and EPS Surprise Catalyst Pharmaceuticals, Inc. price-consensus-eps-surprise-chart | Catalyst Pharmaceuticals, Inc. QuoteBiggest Tech Breakthrough in a Generation Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity. A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.See 8 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BioLineRx Ltd. (BLRX): Free Stock Analysis Report Concert Pharmaceuticals, Inc. (CNCE): Free Stock Analysis Report Catalyst Pharmaceuticals, Inc. (CPRX): Free Stock Analysis Report Avenue Therapeutics, Inc. (ATXI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research