Concert Pharmaceuticals Inc. (NASDAQ: CNCE) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “We hosted investor calls with Concert management last week following the company’s end-of-Phase 2 meeting with FDA for CTP-543. Phase 3 trials are expected to begin in 4Q20, and we estimate top-line data could be available in 2022. We continue to see significant value in CNCE shares based on under-appreciated pipeline potential. We believe positive Phase 2 data from CTP-692 in schizophrenia (which we expect in 1Q21) could be transformational for the company: 1) validating the potential in schizophrenia, and 2) opening up potential in additional CNS indications. Every 10% PoS increase for CTP-692 is worth ~$5/share to our valuation of Concert.”
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About Concert Pharmaceuticals Inc.
Concert Pharmaceuticals is a clinical stage biopharmaceutical company focused on applying its DCE Platform® (deuterated chemical entity platform) to create novel medicines designed to treat serious diseases and address unmet patient needs. The Company’s approach starts with previously studied compounds, including approved drugs, in which deuterium substitution has the potential to enhance clinical safety, tolerability or efficacy. Concert’s pipeline of innovative medicines targets autoimmune diseases and central nervous systems (CNS) disorders. For more information, visit the company’s website at www.concertpharma.com
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