PropThink: Five Months After Approval, DSCO Needs a Partnership; Gains From Upgrade Likely Temporary
(Thomson Reuters ONE) -
Discovery Laboratories (NASDAQ:DSCO) has moved up 28% on trading momentum
following a Buy rating on the 24th. The company's lead product, Surfaxin, was
approved by the FDA in March for the prevention of Respiratory Distress Syndrome
(RDS) in infants. Now that the company has an approved product ready for
commercialization, investors will be looking for evidence of revenue growth. The
company guides for a product launch in the fourth quarter of 2012 for Surfaxin
as well as its Afectair ventilator medication device. A commercialization
partner for the products, however, has yet to be found. In its 2Q earnings
report, management stated that they are actively seeking, and in discussion
with, potential collaborators, which will help secure DSCO's future through
milestone and royalty revenue. The company raised $42MM through a share offering
in March and, according to management, hopes to avoid further shareholder
dilution.
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PropThink is an intelligence service that delivers long and short trading ideas
to investors in the healthcare and life sciences sectors. Our focus is on
identifying and analyzing technically-complicated companies and equities that
are grossly over or under-valued. We offer daily market coverage, weekly feature
stories, and a newsletter to investors who subscribe on PropThink.com. To learn
more visit us at http://www.propthink.com.
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Source: PropThink via Thomson Reuters ONE
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Datum: 29.08.2012 - 15:11 Uhr
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News-ID 178691
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