Deutsche Bank Comments on Chelsea Therapeutics' (CHTP) Northera

February 14, 2014 3:50 PM EST
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Price: $6.52 --0%

Rating Summary:
    1 Buy, 5 Hold, 0 Sell

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    Up: 19 | Down: 19 | New: 13
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Deutsche Bank's Robyn Karnauskas made the following comments on Chelsea Therapeutics' (Nasdaq: CHTP).

"Northera's PDUFA data is scheduled for TODAY, we see FV of CHTP at $8-9/sh (80% upside potential) if approved and $.27 (95% downside) if not approved If approved, we model peak sales of Northera at ~$550M WW ($450M US and $100M ROW) assuming 50% market share," said Karnauskas.

"We could see FV at $8-9/sh after the approval assuming 10%-12.5% discount rate. If we assume 50% market share, we see FV at $12-$13/sh assuming 10-12.5% discount rate (peak sales ~$780M). If Northera is not approved we see the stock trading at cash or ~$0.27/ sh. This is calculated based on $21M in cash and ~76 M shares."

Deutsche Bank has a Hold rating on Chelsea Therapeutics (NASDAQ: CHTP) price target of $5.00

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

Shares of Chelsea Therapeutics closed at $4.94 yesterday.

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