Satsuma Pharmaceuticals (NASDAQ: STSA) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “Satsuma provided the long-awaited update on their STS101 development plans following the disappointing Phase 3 data from the EMERGE trial last fall. Based on a detailed review of the EMERGE data, the company has identified multiple factors that may have played a role in trial’s failure. We maintain our Neutral rating as we review these findings in more detail, and assess the likelihood of STS101 succeeding in its next Phase 3 trial. However, we are encouraged by our initial review of the information disclosed, as well as the support private investors, who have had more time to review and digest the data, have shown by investing an additional $80M in the story.”
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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 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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