TEL AVIV, Israel, July 31, 2018 /PRNewswire/ -- Frost & Sullivan's RedHill Biopharma Ltd. Equity Research is published
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Summary of Highlights
On 30 July 2018, RedHill released an immediate update, detailing the following:
About RHB-104, and its clinical trials
Top-line results from Phase III study with RHB-104 for Crohn's disease (MAP US study) have been released.
Due to the fact that Crohn's disease is chronic and needs to be treated daily, loss of activity at week 52 is not enough, in our view, for Crohn's patients. The company is currently enrolling patients for a trial investigating this endpoint.
Biological drugs (such as Stelara and Risankizumab) have remission rates of ~50% at week 52, this trial produced a figure of only 27% (and the statistic is not significant, at p=15.5%). Further data regarding the patients that completed the trial and the dropout rate is not mentioned.
We maintain our previous evaluation of the company and retain our target price of NIS 2.59. We assume Redhill to soon raise significant capital to support its forthcoming confirmatory Phase III trial for RHB-104.
This is an initial analysis of the trial results; we will elaborate further in our quarterly report for Q2, which will be published in the next few weeks.
Read the full update here.
About the company - RedHill Biopharma Ltd. ("the Company" and/or "RedHill") is an Israeli publically-traded specialty biopharmaceutical company focused on the development and commercialization of late clinical-stage drugs candidates. The Company's main focus is advanced clinical development and commercialization in the US of orally-administered, proprietary, small molecule drugs for the treatment of gastrointestinal and inflammatory diseases and cancer. RedHill is currently promoting three gastrointestinal products and is advancing multiple clinical programs: three Phase III for gastrointestinal and inflammation indications and multiple Phase II for various indications including multiple myeloma, hepatocellular carcinoma, pancreatic cancer, and irritable bowel syndrome with diarrhea.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Kristi CekaniCorporate Communications - Frost & SullivanP: +39.02.4851.6133E: firstname.lastname@example.org://www.frost.com
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