RedHill Biopharma Ltd. (NASDAQ: RDHL) was featured in a recent equity research report published by ROTH Capital Partners LLC. The report reads, “We publish our updated RDHL model post the acquisition of Movantik. Key takeaways, in our opinion, include: 1) we expect continuation of modest prescription declines for Movantik, 2) we target minimal initial revenues for Aemcolo, 3) Talicia remains the wildcard with the most variability (we are optimistic), and 4) we target breakeven in 2021. Reiterate Buy rating with price target adjusted to $15/share.”
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About RedHill Biopharma Ltd.
RedHill Biopharma Ltd. is a specialty biopharmaceutical company, primarily focused on the commercialization and development of proprietary drugs for the treatment of gastrointestinal diseases. RedHill promotes the gastrointestinal drug Aemcolo® for the treatment of travelers’ diarrhea and is planning to launch Talicia® for the treatment of Helicobacter pylori (H. pylori) infection in adults1. RedHill acquired rights to Movantik® for opioid-induced constipation. The acquisition remains subject to certain customary closing conditions and regulatory clearances. RedHill’s key clinical late-stage development programs include: (i) RHB-104, with positive results from a first Phase 3 study for Crohn’s disease; (ii) RHB-204, with a planned pivotal Phase 3 study for pulmonary nontuberculous mycobacteria (NTM) infections; (iii) RHB-102 (Bekinda®), with positive results from a Phase 3 study for acute gastroenteritis and gastritis and positive results from a Phase 2 study for IBS-D; (iv) ABC294640 (Yeliva®), a first-in-class SK2 selective inhibitor, targeting multiple oncology, inflammatory and gastrointestinal indications, with an ongoing Phase 2a study for cholangiocarcinoma; (v) RHB-106, an encapsulated bowel preparation, and (vi) RHB-107, a Phase 2-stage first-in-class, serine protease inhibitor, targeting cancer and inflammatory gastrointestinal diseases. More information about the Company is available at www.redhillbio.com.
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