Followers | 145 |
Posts | 27566 |
Boards Moderated | 3 |
Alias Born | 02/07/2004 |
Tuesday, October 17, 2017 7:00:20 AM
The company's share rose 1% after a 13% drop since the beginning of the month
Radhill is now up to the target price of Frost & Sullivan as part of the Tel Aviv Stock Exchange analysis project, and is expected to climb to a market value of NIS 809 million, compared with a current value of 560 NIS 4.72 per share, an upside of 46%.
Prost and Sullivan explain the increase in the target price by a number of key points, including the company's announcement that it is accelerating the trial schedule of the 104-RHB indicator for Crohn's disease in the US, with registration expected to end by November 2017, 2016. Radhill estimates that this will also save about $ 50 million in costs, and the company's announcement of positive results in the Phase II trial of BEKINDA (treatment of irritable bowel syndrome) and the continuation of Phase III study to obtain FDA approval . (To the full article)
Frost & Sullivan: "The company is advancing our assessment of its strategy and clinical development, and Redhill has added a new drug to the two drugs it currently sells in the US and continues to expand its sales platform in the US We expect these drugs to start generating significant revenues. The results of Phase 2 of BEKINDA have already been integrated into our latest report and the results of Phase 3 are expected to be published next year. "
"Redhill has announced the acceleration of Phase III trials of Crohn's disease, and we believe that the company is interested in statistically significant results with fewer patients, cost savings and faster market access, and we believe that the company may indeed have statistically significant results as it expects. We are adopting RedHeal's assessment of positive results in the MAP study. Therefore, the acceleration of the trial may bring the drug to market by 2020. Since we do not have specific information about the reduction Research and development expenses of $ 14 million, we make a more conservative estimate Reducing costs and bringing forward sales. "
RedHeal BioPharma is an Israeli company focused on the development and commercialization of candidates for late-stage clinical drugs. The company's main focus is advanced clinical and commercial development in the United States of small oral pharmaceuticals for the treatment of gastrointestinal diseases, inflammatory diseases and cancer Radhill is currently promoting two gastrointestinal products along with other clinical programs, 3) and four stage 2 for a number of indications including multiple myeloma, carcinoma, pancreatic cancer and irritable bowel syndrome.
Redhill
--------------------------------------------------------
This article originally written in Hebrew, and GOOG automatic
translated which of course is not perfect, but one gets the idea.
Published in Bizportal.co.il
Recent RDHL News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/06/2024 11:01:56 AM
- RedHill Announces New Opaganib Chinese Patent Against Ebola Virus Valid Through 2035 • PR Newswire (US) • 05/06/2024 11:00:00 AM
- RedHill Announces First Patient Enrolled in U.S. Government-Supported COVID-19 Study • PR Newswire (US) • 04/24/2024 11:00:00 AM
- RedHill Biopharma Announces Full-Year 2023 Results and Operational Highlights • PR Newswire (US) • 04/08/2024 01:23:00 PM
- RedHill Biopharma Announces $1.25 Million Registered Direct Offering at a Premium to Market Price • PR Newswire (US) • 04/02/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 11:01:56 AM
- RedHill Announces New USPTO Patent Covering Talicia® Through 2034 • PR Newswire (US) • 03/11/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/05/2024 12:01:24 PM
- RedHill's Opaganib Selected for Evaluation by BARDA and NIH Countermeasures Programs • PR Newswire (US) • 03/05/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/20/2024 09:05:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/20/2024 12:01:50 PM
- RedHill's Opaganib Protects Against Radiation-Induced Lung Inflammation and Fibrosis - New Publication • PR Newswire (US) • 02/20/2024 12:00:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 02/16/2024 01:54:05 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/16/2024 05:15:18 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/13/2024 09:05:17 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/02/2024 09:10:29 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/01/2024 03:22:43 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/26/2024 05:50:54 PM
- RedHill Biopharma Announces Closing of $8 Million Registered Direct Offering • PR Newswire (US) • 01/26/2024 05:46:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/26/2024 02:31:27 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/26/2024 02:29:37 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/25/2024 02:09:10 PM
- RedHill Biopharma Announces $8 Million Registered Direct Offering • PR Newswire (US) • 01/25/2024 02:05:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/25/2024 11:02:56 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM