Catabasis Pharma (CATB): Preview of Edasalonexent Proof-Of-Concept Study - Wedbush

October 13, 2016 8:25 AM EDT
Get Alerts CATB Hot Sheet
Price: $4.70 -3.69%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
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Wedbush analyst, Heather Behanna, reiterated her Outperform rating on shares of Catabasis Pharma (NASDAQ: CATB) and her price target of $17 representing more than a 4x return on investment. The MoveDMD proof-of-concept study enrollment is complete and the analyst expects data in the first six weeks of 1Q17.

The analyst believes the science behind Catabasis’s NF-kB inhibitor, edasalonexent (CAT-1004), is sound and recent data from the World Muscle Society (WMS) suggests the compound is knocking down NF-kB in DMD boys. The analyst sees a compelling risk/reward for edasalonexent, with a best case scenario of a significant benefit (as measured by MR) at three months.

Boys will continue to be studied through a year to see functional changes and the analyst believes the six-month data can drive pivotal trial design and allow a greater time window for the benefit to be observed.

For an analyst ratings summary and ratings history on Catabasis click here. For more ratings news on Catabasis click here.

Shares of Catabasis closed at $4.71 yesterday.

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