Analyst Price Target is $15.50
▲ +559.57% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Processa Pharmaceuticals in the last 3 months. The average price target is $15.50, with a high forecast of $0.00 and a low forecast of $0.00. The average price target represents a 559.57% upside from the last price of $2.35.
Current Consensus is
The current consensus among 2 investment analysts is to buy stock in Processa Pharmaceuticals.
Processa Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, focuses on the development of drug products for the treatment of patients with unmet medical needs in the United States. Its lead product candidate is PCS499, an oral tablet that is in Phase II clinical trials for the treatment of necrobiosis lipoidica, a chronic disfiguring condition. The company is also developing PCS12852, a novel selective 5-hydroxytryptamine 4 (5-HT4) receptor agonist that is in Phase II clinical trials for the treatment of gastroparesis; and PCS6422, an oral, potent, selective, and irreversible inhibitor that is in Phase I clinical trials for treating metastatic colorectal and breast cancer. It has a license agreement with Akashi Therapeutics, Inc. to develop and commercialize PCS100, an anti-fibrotic and anti-inflammatory drug. The company was incorporated in 2011 and is based in Hanover, Maryland.