Satsuma Pharmaceuticals, Inc. (NASDAQ: STSA) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “Satsuma provided a 3Q 2020 business update after the close. Most importantly, management is still analyzing full data from the EMERGE trial for STS101, their DHE nasal powder for the acute treatment of migraine headaches, after top-line data released in September showed STS101 did not meet the co-primary endpoints of the study. Management will provide an update of their next steps by early 2021. Detailed trial data or updates on potential alternatives the company may pursue could lead to volatility in the stock in the weeks ahead, but we see more compelling investment opportunities elsewhere in our coverage. We maintain our Neutral rating but lower our PT to $3.50 following our model updates.”
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About Satsuma Pharmaceuticals
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 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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