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MLNT - Paratek's Nuzyra Launch: First Signs Not Promising
Melinta Therapeutics Inc - Ordinary Shares
Paratek Pharmaceuticals (PRTK) reported earnings on Tuesday, August 6, with the stock trading up over 30% in response to the report and then running further throughout the rest of the week. I find the numbers from the launch of Nuzyra (omadacycline), however, to be less than encouraging. I believe the launch of Nuzyra could end up like other disappointing launches of antibiotics in the past decade or so.
Data by YCharts
Figure 1: Past 12 months of PRTK trading. The company has done a good job of destroying shareholder value, but a recent