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NetworkNewsBreaks – Satsuma Pharmaceuticals, Inc. (NASDAQ: STSA) Featured in Mizuho Securities Research Report

Company: Satsuma Pharmaceuticals, Inc. (STSA)
Category: Analyst Alerts

Satsuma Pharmaceuticals, Inc. (NASDAQ: STSA) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “We are downgrading STSA shares to Neutral (from Buy) and lowering our price target (‘PT’) to $4 (from $32) following the disappointing top-line results from STS101, their intranasal dihydroergotamine (‘DHE’) in development for the acute treatment of migraine headaches. We spoke to management following the data release and, while they are still digesting the data and evaluating their options going forward, we see limited reasons for optimism and move to the sidelines on the stock.”

To request access to the full report, visit http://nnw.fm/SaZ9d

About Satsuma Pharmaceuticals, Inc.

Satsuma Pharmaceuticals is a clinical-stage biopharmaceutical company developing a novel therapeutic product for the acute treatment of migraine, STS101. STS101 is a drug-device combination of a proprietary dry-powder formulation of dihydroergotamine mesylate (“DHE”), which can be quickly and easily self-administered with a proprietary pre-filled, single-use, nasal delivery device. In developing STS101, Satsuma has applied proprietary nasal drug delivery, dry-powder formulation, and engineered drug particle technologies to create a compact, simple-to-use, non-injectable DHE product that can be rapidly self-administered in a matter of seconds. 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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