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Satsuma Pharmaceuticals, Inc.

satsumarx.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 11, 2023. Its latest SEC filing is a 15-12G from Jun 20, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Develops a dry-powder nasal drug-device treatment for acute migraine for people with migraine.

How Did They Make Money?

No revenue was reported.

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q1 FY2023, the three months to Mar 31, 2023
Net income
▼ −34% (Loss)
vs −$15.5M in Q1 FY2022
  • Jun 8, 2023 SNBL completed its acquisition of Satsuma Each share was converted into cash and a contingent value right.
  • Apr 17, 2023 Satsuma agreed to be acquired by SNBL The deal offered cash per share plus a contingent value right tied to future STS101 proceeds.

Commercialization strategy Earlier, the company planned to develop the drug through approval, build a domestic sales team, and seek partners in other markets; the later plan is to find a partner to fund continued development and commercialization while limiting spending.

Who Did They Compete With?

Competes with Bausch Health, Impel NeuroPharma, Eli Lilly, Abbvie, and Pfizer

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