Satsuma Pharmaceuticals (NASDAQ: STSA) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “We are updating our STSA company model after the company’s recent 4Q20 earnings and its broader update on the clinical program for STS101 for the acute treatment of migraine headaches. We are encouraged by details the company shared on why STS101 may have failed to deliver positive results in the EMERGE trial last fall. However, while we increase our STS101 probability of success to 35% (from 0%), we wait for upcoming data from the new Phase 1 trials before potentially becoming more constructive on the drug and the stock. Our DCF-derived price target increases to $7.00 (from $3.50), but we maintain our Neutral rating.”
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About Satsuma Pharmaceuticals, Inc.
Satsuma Pharmaceuticals is a clinical-stage biopharmaceutical company developing a novel therapeutic product candidate for the acute treatment of migraine. Its product candidate, STS101, is a drug-device combination of a proprietary dry-powder formulation of dihydroergotamine mesylate, or DHE, which is designed to be quickly and easily self-administered with a proprietary pre-filled, single-use, nasal delivery device. DHE products have long been recommended as a first-line therapeutic option for the acute treatment of migraine and have significant advantages over other therapeutics for many patients. However, broad use has been limited by invasive and burdensome administration and/or sub-optimal clinical performance of available injectable and liquid nasal spray products. STS101 is in Phase 3 development and specifically designed to deliver the clinical advantages of DHE while overcoming these shortcomings. Satsuma is headquartered in South San Francisco, California with operations in both California and Research Triangle Park, North Carolina. For further information, please visit www.satsumarx.com.
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