KemPharm Announces Positive Data - Street Wants To See A Partner [Seeking Alpha]
KemPharm, Inc. (KMPH)
Last kempharm, inc. earnings: 2/28 07:30 am
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US:NASDAQ Investor Relations:
investors.kempharm.com/investor-overview
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Source: Seeking Alpha
Summary Company announced positive top line data on abuse potential. These top line results are not what the Street wants to see, but are a net positive. Company has 2 drugs to partner and target deal date is in 2018. KemPharm ( KMPH ) investors received a bit of positive news on September 17th, but it was not quite the news that the Street is eager to see come across the wire. The company announced that it has positive top-line data on the abuse potential for intranasal delivery of its ADHD drug candidate known as KP415. This data joins the positive data on oral delivery announced by the company on September 11th and the IV data announced last quarter. The bottom line is that the IV, oral, and intranasal abuse potential data were all positive and the final components of setting KP415 apart from current ADHD drugs on the market. To that end, KemPharm CEO Travis Mickle indicated that the company is set to not only partner the drug but to also file for FDA approval
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