NuPathe Inc (fka PATH) (PATH)

[homebuilder_watcher]

Note today from Lerink Swann

Related to patent. "We believe the notice of allowance increased the value for PATH's NP201 asset and may be attractive for a potential partner. Once issued the patent will provide protection into July 2028. We continue to expect a 4Q13 launch of Zecurity, and PATH to close a commercial US partnership deal for that product near term....Zecurity is FDA-approved with a good label and Orange Book listed patents until 2029 should be attractive features for a potential partner or acquirer. Given that PATH's current enterprise value is only ~$85MM we believe an outright acquisition of the company coudl be an alternative to a partnership.