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ADLS

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  1. [verwijderd] 11 april 2008 07:41
    Upgrade en mooi stukje over ADLS:

    Analysts have high hopes for potential pneumonia drug
    by A. Seraphina Lin
    Apr 10, 2008

    Lazard Capital Markets Ltd. analyst Matthew Osborne upgraded the stock of Woodridge-based drug development company Advanced Life Sciences Holdings Inc. from hold to buy Thursday after an analysts’ teleconference with the company.

    “We plan to submit our NDA [new drug application] in the third quarter of this year and our objective is to have a partner in place prior to our submission,” said Dr. Michael Flavin, chairman and CEO of ADLS, during the teleconference.

    The company’s focus is its first product, a one-a-day oral antibiotic, cethromycin. According to ADLS, cethromycin has shown positive result in its phase III human trials for treatment of mild to moderate community-acquired pneumonia, or CAP.

    Osborne changed his recommendation based on his expectation that the drug will launch by the 2009-2010 flu season. He has a 52-week price target of $4 a share. Shares of ADLS closed Thursday at $1.28, a decrease of 12 cents or 8 percent.

    The company has spoken with prospective partners but nothing has been finalized, Flavin said. Small drug companies often partner with larger firms that have an existing sales force.

    CRT Capital Group LLC analyst Leah Hartman estimates that the drug could generate $275 million in revenue by the end of 2012 if approved by the Food and Drug Administration. Hartman had a 52-week price target of $3.75 a share and a buy recommendation in March, neither of which she has changed.

    CRT Capital Group took an “aggressive stand” on the stock because the firm anticipated that FDA would continue to accept CAP trial designs pursued by ADLS, Hartman said.

    ADLS also is looking at cethromycin's effectiveness in treating moderate to severe CAP, said Flavin. In addition, the company plans to continue development of an IV formulation of cethromycin and hopes to develop a version for pediatric CAP patients.

    According to the National Center for Health Statistics, pneumonia is the eighth leading cause of death in the U.S.

    Each year, an estimated 6 million cases of CAP occur in the U.S., costing a total of $2 billion in antibiotics, according to IMS Health Inc., a source of pharmaceutical market intelligence.

    “We continue to believe that if approved, cethromycin could help meet the growing demand for new antibiotics to treat respiratory tract infections, with the ability to overcome emerging resistance to the current drugs on the market,” Flavin said.

    Kan de komende maanden een mooie stijger gaan worden! Long
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