ContraFect Corp. (NASDAQ: CFRX) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “ContraFect released 4Q20 earnings that were essentially a non-event, as is often the case for a clinical-stage company. The company’s recent BARDA contract and equity raise solidifies its capital position and adds external credibility to the exebacase program. Attention now shifts back to the DISRUPT trial, with interim data expected in 2H 2021 and final data in 2022. We maintain our 70% POS for DISRUPT at the final analysis given the strength of the Phase 2 exebacase data in patients with methicillin-resistant Staph aureus bacteremia, including patients with right-sided endocarditis. We lower our DCF-based PT to $10 (from $12) mainly driven by the higher share count from the equity raise, but maintain our Buy rating.”
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About ContraFect Corp.
ContraFect is a biotechnology company focused on the discovery and development of DLAs, including lysins and amurin peptides, as new medical modalities for the treatment of life-threatening, antibiotic-resistant infections. An estimated 700,000 deaths worldwide each year are attributed to antimicrobial-resistant infections. We intend to address life threatening infections using our therapeutic product candidates from our platform of DLAs, which include lysins and amurin peptides. Lysins are a new class of DLAs which are recombinantly produced antimicrobial proteins with a novel mechanism of action associated with the rapid killing of target bacteria, eradication of biofilms and synergy with conventional antibiotics. Amurin peptides are a novel class of DLAs which exhibit broad-spectrum activity against a wide range of antibiotic-resistant Gram-negative pathogens, including P. aeruginosa, Acinetobacter baumannii, and Enterobacter species. We believe that the properties of our lysins and amurin peptides will make them suitable for targeting antibiotic-resistant organisms, such as MRSA and P. aeruginosa, which can cause serious infections such as bacteremia, pneumonia and osteomyelitis. We have completed a Phase 2 clinical trial for the treatment of Staph aureus bacteremia, including endocarditis, with our lead lysin candidate, exebacase, which is the first lysin to enter clinical studies in the U.S. Exebacase, currently being studied in a pivotal Phase 3 clinical study, was granted Breakthrough Therapy designation by the FDA for the treatment of MRSA bloodstream infections, including right-sided endocarditis, when used in addition to SOC anti-staphylococcal antibiotics in adult patients. For more information, follow ContraFect on Twitter @ContraFectCorp and LinkedIn.
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