KTOV ($16 M) (Cash $17 M) US-NDA Submission this Quarter Message Board

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Biotech / Medical : KTOV ($16 M) (Cash $17 M) US-NDA Submission this Quarter

KTOV 4.610

-0.9%

Jan 22 3:00 PM EDT

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From: BioHero	7/24/2017 1:18:41 PM
	of 5

Can you believe that this low float stock has a terrible low valuation of just $21 million which is very close to the cash balance of $17 million ? This one could be a very very hot FDA play for the coming months .GL -------- “KIT-302 has the potential to address the multi-billion dollar market for the treatment of osteoarthritis pain and hypertension with one drug that reduces patients’ risk of suffering a heart attack or stroke, while also reducing cost for payers. There is currently no single medication on the market that treats both osteoarthritis pain and hypertension and thus, KIT-302 will be the only NSAID indicated both to treat pain and to reduce the risk of heart attack, stroke and death.” Pain medications for osteoarthritis account for billions of dollars in annual sales globally. Most pain medications for osteoarthritis, including celecoxib which had global sales of $2.7 billion in 2014, are non-steroidal anti-inflammatory drugs (NSAIDs) which have the side effect of elevating blood pressure, and increasing the risk of heart attacks, strokes and death. Of the 27 million Americans who live with osteoarthritis, 13.5 million also suffer from hypertension, which also increases the risk of heart attack, stroke, and death. jewishbusinessnews.com

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