DALLAS, April 19, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Chelsea Therapeutics International Ltd. (Nasdaq:CHTP). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Chelsea Therapeutics (CHTP) is a development stage pharmaceutical company that focuses on acquiring, developing and commercializing products for the treatment of a variety of human diseases. Its most advanced drug candidate, Northera (droxidopa), is an orally active synthetic precursor of norepinephrine initially being developed for the treatment of neurogenic orthostatic hypotension. In addition to Droxidopa, the Company is also developing a portfolio of metabolically inert oral antifolate molecules engineered to have potent anti-inflammatory and anti-tumor activity to treat a range of immunological disorders, including two clinical stage product candidates CH-1504 and CH-4051. Preclinical and clinical data suggest superior safety and tolerability, as well as increased potency versus methotrexate (MTX), currently the leading antifolate treatment and standard of care for a broad range of abnormal cell proliferation diseases.
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In the report, the analyst notes:
"Shares of CHTP soared Monday after the biotechnology company announced it would file a new drug application (NDA) for its hypotension treatment in the third quarter."
"The Company plans to file its NDA for Northera for the treatment of symptomatic NOH based on combined efficacy data from its two completed Phase III studies in NOH, Study 301 and Study 302, during the third quarter of 2011. Late in December, CHTP was told by the FDA that it does not need further efficacy studies for the drug and could file for approval based on the combined data from its 301 and 302 studies."
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