Astria Therapeutics: Too Much Risk, Too Little Reward Despite Near-Term Data Readout [Seeking Alpha]
Astria Therapeutics, Inc. (ATXS)
Company Research
Source: Seeking Alpha
The company has successfully completed a Phase 1 study for STAR-0215, demonstrating positive results in terms of safety, tolerability, and efficacy. Astria is now moving forward with a Phase 1b/2 study to establish proof-of-concept for STAR-0215 in HAE patients, with initial results expected in Q1 2024. The promise of HAE data in Q124 appears to have lifted the share price and allowed the company to raise funds. If the promise of upcoming is already baked into the share price, given how far behind the competition Astria is in HAE, and in atopic dermatitis with a second candidate, I would give its stock a "sell" rating. Investment Overview The biotech industry can be a tough business to be in, but investors favour the sector, pouring money into even the earliest stage companies, who may not have much more than a molecule and high cash burn to offer in return. Buying biotech stock is similar to buying a lottery ticket in the sense that if a biotech is successful at what it
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ATXS
News
- Astria Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)Business Wire
- Astria Therapeutics, Inc. (NASDAQ: ATXS) had its price target lowered by analysts at HC Wainwright from $18.00 to $16.00. They now have a "buy" rating on the stock.MarketBeat
- Astria Therapeutics Appoints Sunil Agarwal to Its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Astria Therapeutics Appoints Sunil Agarwal to Its Board of DirectorsBusiness Wire
- Astria Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)Business Wire
ATXS
Earnings
- 11/13/23 - Miss
ATXS
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- ATXS's page on the SEC website