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No word yet from FDA on Northera; Deutsche comments

  • With nervous Chelsea Therapeutics (CHTP -4%) still awaiting word from the FDA on Northera, Deutshce Bank's Robyn Karnauskas sees fair value for the stock in the $8-$9 range if the drug is approved and - more or less - $0 for the shares if declined.
  • Her team is modeling market share of 50% and peak sales of about $550M worldwide. Possibly higher market share and peak sales of about $780M could bring the stock up to the $12-$13 area.
  • Cash on the balance sheet in the case of non-approval is $21M, or $0.27 per share.
Comments (16)
  • Richard0623
    , contributor
    Comments (136) | Send Message
     
    Lol, talk about high risk/reward variance
    14 Feb, 04:14 PM Reply Like
  • troy.tifft
    , contributor
    Comments (12) | Send Message
     
    Yeah the risk/reward doesn't seem worth it, but some $1 puts would be a good gamble, rather than going long.
    14 Feb, 04:59 PM Reply Like
  • tommyt23
    , contributor
    Comments (23) | Send Message
     
    More or less 0? I don't think it will go below zero.
    14 Feb, 04:59 PM Reply Like
  • larryjones
    , contributor
    Comments (58) | Send Message
     
    So if one is silly enough to sell shares at $0, the commission cost would bring it to below zero. So yeah, more or less zero. (-: Funny
    15 Feb, 01:29 PM Reply Like
  • sbellep36
    , contributor
    Comment (1) | Send Message
     
    what time is the FDA meeting today? When will we hear?
    14 Feb, 05:14 PM Reply Like
  • racercruzer
    , contributor
    Comments (2) | Send Message
     
    perhaps not until Tuesday next week, e-mailed CH head office and no reply. GL
    16 Feb, 12:01 PM Reply Like
  • hneumann
    , contributor
    Comments (613) | Send Message
     
    Won't go to $ 0.27. They have droxidopa for fibromyalgia (other indication for Northera) and antifolates in the pipeline
    14 Feb, 05:46 PM Reply Like
  • GreenGrowthGeek
    , contributor
    Comments (704) | Send Message
     
    FDA will announce something on Tues Feb. 18--next business day. Chelsea just made this announcement as the FDA blames an office closure due to severe weather.
    14 Feb, 07:05 PM Reply Like
  • hneumann
    , contributor
    Comments (613) | Send Message
     
    hneumann
    Feb 14 07:44 PM
    This is really incredible and the last possibility of all the thinkables. Why comes this out so late. In case of approval for a few weeks use, many doctors will continue prescribe Northera off-label. What about approval dates in European and Asian countries ?
    14 Feb, 07:48 PM Reply Like
  • Americanmade
    , contributor
    Comments (53) | Send Message
     
    I got knocked at the surge at 11:39 am, stock went to $5.68 and then went straight down to $3.97. My trailing stops were set at $4.42. I am out, CHTP can burn in hell!! Lost 19% I was a victim of Dreamsupport.com
    14 Feb, 09:23 PM Reply Like
  • pegleggreg
    , contributor
    Comments (4) | Send Message
     
    My stops were set at 4.10 so I choked big time since I had bought the bs at 5.44. Funny thing is I am still tempted to buy back in?

     

    I did buy some in my games so maybe I will win big with play money even though I lost my real money :(
    15 Feb, 05:37 AM Reply Like
  • CaliTeam
    , contributor
    Comments (2) | Send Message
     
    Which site do you use for play money
    16 Feb, 10:05 PM Reply Like
  • eyeronich
    , contributor
    Comments (2) | Send Message
     
    I bought 150 shares @ $1.80. Really hoping for approval and a price jump on this one.
    16 Feb, 11:51 AM Reply Like
  • eyeronich
    , contributor
    Comments (2) | Send Message
     
    i bought 150 shares at $1.69 hoping this gets approved so I can cash in!
    16 Feb, 11:51 AM Reply Like
  • racercruzer
    , contributor
    Comments (2) | Send Message
     
    probably not until Tuesday next week, I e-mailed CH and no reply.
    16 Feb, 12:01 PM Reply Like
  • setareh
    , contributor
    Comments (2) | Send Message
     
    Some sites are saying Chelsea has lined up a contract with Teva pharma already! Does this mean they are getting a "yes" from FDA?
    18 Feb, 01:58 AM Reply Like
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