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PRTK

Paratek Pharmaceuticals

$5.93

-0.395 (-6.25%)

16:32
04/15/19
04/15
16:32
04/15/19
16:32

Paratek announces new data presented at the ECCMID 2019 on Nuzyra

New data presented at the 29th European Congress of Clinical Microbiology & Infectious Diseases, ECCMID 2019, show that Paratek Pharmaceuticals' NUZYRA demonstrates highly potent in vitro activity against common bacterial pathogens in respiratory tract infections, or RTI, acute bacterial skin and skin structure infections, or ABSSSI, and urinary tract infections, or UTI. Paratek is a biopharmaceutical company focused on the development and commercialization of innovative therapies based upon tetracycline chemistry. In a separate sub-group analysis, NUZYRA showed similar efficacy and safety in obese, overweight and healthy-weight ABSSSI patients compared to linezolid, suggesting that a fixed-dosing strategy, regardless of adult body size, will not impact the safety profile and consistently high levels of efficacy of NUZYRA in patients with skin infections.

PRTK Paratek Pharmaceuticals
$5.93

-0.395 (-6.25%)

01/07/19
ADAM
01/07/19
NO CHANGE
Target $14
ADAM
Buy
Paratek Pharmaceuticals guidance shows meaningful upside, says Canaccord
Canaccord analyst Dewey Steadman said Paratek Pharmaceuticals gave initial near-term guidance that was inline with expectations, but management issued long-term 2024 revenue guidance that was well ahead of expectations, which demonstrated a confidence in the company's ability to gain traction in the infectious disease community over time. Steadman reiterated his Buy rating and $14 price target on Paratek Pharmaceuticals shares.
01/16/19
ADAM
01/16/19
NO CHANGE
Target $25
ADAM
Buy
Paratek Pharmaceuticals price target raised to $25 from $14 at Canaccord
Canaccord analyst Dewy Steadman raised his price target on Paratek Pharmaceuticals to $25 from $14 following meetings with management. The analyst came away encouraged that the story sets up well with reasonable expectations for 2019. He also said the company's stretch goal of $500M in Nuzyra revenue by 2024 is positively surprising and potentially achievable, but remains out of his estimates for now. Steadman reiterated his Buy rating on Paratek Pharmaceuticals shares.
03/12/19
ADAM
03/12/19
NO CHANGE
Target $25
ADAM
Buy
Canaccord continues to see attractive entry point for Paratek
Canaccord analyst Dewey Steadman maintained a Buy rating and $25 price target on Paratek Pharmaceuticals following the release of the company's 10-K. In a research note to investors, Steadman says he is "encouraged" by the company's initial marketing efforts for Nuzyra and sees initial revenue guidance of $10M-$13M as achievable. As Nuzyra gains market acceptance over the coming quarters, Steadman says he likes the Paratek story and continues to see an attractive entry point for what could be one of the most compelling true antibacterial product launches in the past several years;
03/18/19
ADAM
03/18/19
NO CHANGE
ADAM
Paratek CFO departure not concerning, says Canaccord
Canaccord analyst Dewey Steadman maintained a Buy rating and $25 price target on Paratek Pharmaceuticals, saying he is not concerned by the departure of CFO Doug Pagan as he left the company "in good shape." Steadman continues to see an "attractive entry point for what could be one of the most compelling true antibacterial product launches in the past several years" in Nuzyra.

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