HC Wainwright & Co. has decided to maintain its Buy rating of Satsuma Pharmaceuticals STSA and lower its price target from $18.00 to $3.00.
Shares of Satsuma Pharmaceuticals are trading down 7.24% over the last 24 hours, at $0.63 per share.
A move to $3.00 would account for a 375.96% increase from the current share price.
About Satsuma Pharmaceuticals
Satsuma Pharmaceuticals Inc is a clinical-stage biopharmaceutical company engaged in developing a novel therapeutic product for the treatment of migraine. Its product candidate, STS101, is a drug-device combination of a dry-powder formulation of dihydroergotamine mesylate, or DHE, which can be self-administered with a pre-filled, single-use, nasal delivery device.
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