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Stock impact report

Forget Cara Therapeutics' Earnings -- Here's the Real News [The Motley Fool]

Cara Therapeutics, Inc. (CARA) 
Last cara therapeutics, inc. earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.caratherapeutics.com/investor-relations
Company Research Source: The Motley Fool
This little biotech could win by playing small ball. Ordinarily, a report of zero revenue in a quarter would not be too well received by investors. That was exactly the top-line result for Cara Therapeutics ( NASDAQ:CARA ) when the company reported first-quarter results on May 9, and while the stock did take a minor hit on the announcement, the important news for this clinical-stage biotech had nothing to do with the numbers. Cara Therapeutics is working on a single drug, called CR-845 or Korsuva, that works on kappa opioid receptors in the periphery of the body. The drug is designed to stop pain and severe itching, or pruritus, at the source, rather than in the central nervous system. In contrast to other opioid pain medications, the drug doesn't cross the blood-brain barrier, avoiding addiction potential and side effects common with those medications. Investors got excited about Korsuva's potential in the massive market opportunity for novel, non-addictive pain med Show less Read more
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