NetworkNewsBreaks – Processa Pharmaceuticals Inc
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Posted On: 12/10/2020 4:17:52 PM
NetworkNewsBreaks – Processa Pharmaceuticals Inc. (NASDAQ: PCSA) Featured in Research Report
Processa Pharmaceuticals (NASDAQ: PCSA), a clinical-stage biopharmaceutical company developing products to improve the survival and/or quality of life for patients who have unmet medical needs, was featured in a research report by the Benchmark Company LLC. The report, titled “Processa Pharmaceuticals Inc. (PCSA) Processing Assets to the FDA; Initiate at Buy,” lists a $15 price target at initiation of coverage. The report reads, “We initiate PCSA with a Speculative Buy rating as we consider the two leading assets in PCSA’s pipeline portfolio as most promising and with potential value. Eniluracil probably can reduce adverse events and improve efficacy of 5-FU/capecitabine that are standard-of-care for multiple cancer indications. Another asset, deuterated pentoxifylline, may help patients with ulcerative necrobiosis lipoidica, a skin disorder with no FDA-approved agents, to heal the ulcers in an expedient way. While we keep our current PoS at 20%, as PCSA moves forward in clinical development the value of the company should grow accordingly, in our opinion.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Processa Pharmaceuticals (NASDAQ: PCSA), a clinical-stage biopharmaceutical company developing products to improve the survival and/or quality of life for patients who have unmet medical needs, was featured in a research report by the Benchmark Company LLC. The report, titled “Processa Pharmaceuticals Inc. (PCSA) Processing Assets to the FDA; Initiate at Buy,” lists a $15 price target at initiation of coverage. The report reads, “We initiate PCSA with a Speculative Buy rating as we consider the two leading assets in PCSA’s pipeline portfolio as most promising and with potential value. Eniluracil probably can reduce adverse events and improve efficacy of 5-FU/capecitabine that are standard-of-care for multiple cancer indications. Another asset, deuterated pentoxifylline, may help patients with ulcerative necrobiosis lipoidica, a skin disorder with no FDA-approved agents, to heal the ulcers in an expedient way. While we keep our current PoS at 20%, as PCSA moves forward in clinical development the value of the company should grow accordingly, in our opinion.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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