Orchid Pharma - Enmetazobactam, First Indian NCE Gets U.S. FDA Nod: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.On February 22, 2024, U.S. Food and Drug Administration approved novel drug Enmetazobactam in combination with cefepime for use in adults with cUTI including pyelonephritis. Enmetazobactam which has been discovered / innovated by Orchid Pharma Ltd. (out licensed to Allecra therapeutics) is the first ever new chemical entity discovered by an Indian company to have received U.S. FDA nod. Allecra therapeutics had acquired global (excluding India) development / commercial rights from Orchid Pharma. The approval by the U.S. FDA follows the recent positive recommendation received for European Markets from EU CHMP. Enmetazobactam is expected to be launched within the next couple of quarters in the U.S. market and will be marketed under the brand Exblifep. We estimate global commercial peak sales for Exblifep to be in the $150 to $200 million range. Exblifep will be positioned as a carbpanem sparing option in the fight against cUTI caused by ESBL producing gram negative bacteria..Revise our price target and retain Hold rating – We revise our target price on Orchid pharma at Rs. 1,057 as we raise our target price-to-earnings multiple from 30 times to 33 times..Click on the attachment to read the full report:.Supriya Lifescience Aims To Double Revenue To Rs 1,000 Crore By FY27 — Know Your Company.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Orchid Pharma - Enmetazobactam, First Indian NCE Gets U.S. FDA Nod: Systematix

We revise our target price on Orchid pharma at Rs. 1,057 as we raise our target price-to-earnings multiple from 30 times to 33 times.

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