STOCK TITAN

Paratek Pharmaceuticals to Present at the 2021 Jefferies London Healthcare Conference

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
conferences
Rhea-AI Summary

Paratek Pharmaceuticals, Inc. (Nasdaq: PRTK) announces that CEO Evan Loh will present at the 2021 Jefferies London Healthcare Conference. The on-demand presentation will be available from Nov. 18 at 3 a.m. EST to Nov. 19 at 12 p.m. EST. Paratek's lead product, NUZYRA (omadacycline), is an antibiotic for treating community-acquired bacterial pneumonia and acute bacterial skin infections. The company is also advancing a Phase 2b study for NUZYRA in nontuberculous mycobacterial pulmonary disease, targeting a potential $1 billion market in the U.S.

Positive
  • None.
Negative
  • None.

BOSTON, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Paratek Pharmaceuticals, Inc. (Nasdaq: PRTK) today announced that Evan Loh, chief executive officer, will present at the 2021 Jefferies London Healthcare Conference. The on-demand presentation will be available Thursday, Nov. 18 beginning at 3 a.m. EST through Friday, Nov. 19 at 12 p.m. EST.

To access the webcast, please visit: https://wsw.meetmax.com/admin/presenterlinks/?436013913&group=TbkBHEif.

A replay of the webcast can be accessed for up to 30 days following the live presentation.

About Paratek Pharmaceuticals, Inc.
Paratek Pharmaceuticals, Inc. is a commercial-stage biopharmaceutical company focused on the development and commercialization of novel life-saving therapies for life-threatening diseases or other public health threats for civilian, government and military use. 

The company’s lead commercial product, NUZYRA® (omadacycline), is a once-daily oral and intravenous antibiotic available in the United States for the treatment of adults with community-acquired bacterial pneumonia (CABP) and acute bacterial skin and skin structure infections (ABSSSI). Paratek has a collaboration agreement with Zai Lab for the development and commercialization of omadacycline in the greater China region and retains all remaining global rights.

Paratek is also conducting a Phase 2b Study in a rare disease, nontuberculous mycobacterial (NTM) pulmonary disease, caused by Mycobacterium abscessus complex with NUZYRA. Paratek estimates this opportunity represents a potential $1 billion addressable market in the United States. 

Paratek exclusively licensed U.S. rights and rights to the greater China territory for SEYSARA® (sarecycline), a once-daily oral therapy for the treatment of moderate to severe acne vulgaris, to Almirall, LLC. Paratek retains the development and commercialization rights for sarecycline in the rest of the world.

In 2019, Paratek was awarded a contract from the U.S. Department of Health and Human Services’ Biomedical Advanced Research and Development Authority (BARDA), now valued at up to approximately $304 million, to support the development and U.S.-based manufacturing of NUZYRA for pulmonary anthrax.

For more information, visit www.ParatekPharma.com or follow us on LinkedIn and Twitter.

Forward Looking Statements
This press release contains forward-looking statements. All statements, other than statements of historical facts, included in this press release are forward-looking statements, and are identified by words such as "advancing," "expect," "look forward," "anticipate," "continue," and other words and terms of similar meaning. These forward-looking statements are based upon our current expectations and involve substantial risks and uncertainties. We may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in our forward-looking statements and you should not place undue reliance on these forward-looking statements. Our actual results and the timing of events could differ materially from those included in such forward-looking statements as a result of these risks and uncertainties. These and other risk factors are discussed under "Risk Factors" and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2020 and our other filings with the Securities and Exchange Commission. We expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein.

For Investors:
Hans Vitzthum
LifeSci Advisors
ir@ParatekPharma.com
Phone: 617-430-7578

For Media:
Christine Fanelle
Scient PR
Christine@scientpr.com
Phone: 215-595-5211


FAQ

When will Paratek Pharmaceuticals present at the Jefferies London Healthcare Conference?

Paratek Pharmaceuticals will present on-demand at the Jefferies London Healthcare Conference from Nov. 18 at 3 a.m. EST to Nov. 19 at 12 p.m. EST.

What is NUZYRA and what conditions does it treat?

NUZYRA (omadacycline) is an antibiotic developed by Paratek Pharmaceuticals for treating community-acquired bacterial pneumonia and acute bacterial skin and skin structure infections.

What is the potential market size for NUZYRA in NTM pulmonary disease?

Paratek estimates a potential $1 billion addressable market in the United States for NUZYRA in treating nontuberculous mycobacterial pulmonary disease.

What is the ticker symbol for Paratek Pharmaceuticals?

The ticker symbol for Paratek Pharmaceuticals is PRTK.

How can I access the webcast of the Paratek Pharmaceuticals presentation?

The webcast of Paratek Pharmaceuticals' presentation can be accessed at the provided link starting from Nov. 18.

Paratek Pharmaceuticals, Inc.

NASDAQ:PRTK

PRTK Rankings

PRTK Latest News

PRTK Stock Data

127.83M
50.11M
11.7%
55.08%
4.6%
Biotechnology
Healthcare
Link
United States
Boston