- Deciphera Pharmaceuticals is the unusual case of a commercial-stage company whose drug succeeds at first but then has a major setback.
- Top-line data from a key phase 3 trial suggest that their flagship drug will not be moving from later-line to second-line therapy for GIST.
- With buoying expenses, Deciphera needs to make a splash to increase revenues quickly, or else dilution is a serious risk.
- Though risky overall, Deciphera at these levels presents a very interesting risk/benefit case.
For further details see:
Deciphera Pharmaceuticals: The 75% Haircut Doesn't Seem Justified