Processa Pharmaceuticals, Inc. (PCSA) Secures Buy Rating on Portfolio Progress

Processa Pharmaceuticals, Inc. (NASDAQ:PCSA) is among the fundamentally strong penny stocks to invest in. Analysts at H.C. Wainwright have reiterated their Buy rating on Processa Pharmaceuticals, Inc. (NASDAQ:PCSA) while maintaining a price target of $2, implying an upside of over 900%. This overwhelming optimism stems from the company’s comprehensive portfolio update just a few days ago.

While focusing on the clinical development of its leading candidate, NGC-Cap, Processa Pharmaceuticals, Inc. (NASDAQ:PCSA) has also started to initiate an adaptive pivotal Phase 3 study for PCS499 to address underserved kidney areas based on preliminary positive results and FDA approval of surrogate endpoints. With such a vision in mind, there is no doubt the company can actually exceed analyst expectations.

Processa Pharmaceuticals (PCSA): Among Cheapest Stocks Insiders Are Buying Recently

A syringe filled with a biopharmaceutical drug product on a light blue background.

On top of that, Processa Pharmaceuticals, Inc. (NASDAQ:PCSA) has entered into a binding term sheet with privately held Intact Therapeutics, enabling it to receive $454 million in milestone payments, a 12% royalty on future sales, and a 3.5% equity stake in Intact. The exclusivity of its PCS12852 prokinetic agent for gastroparesis and other gastrointestinal motility disorders positions PCSA well to lead the market.

Processa Pharmaceuticals, Inc. (NASDAQ:PCSA) is a Maryland-based clinical-stage biopharmaceutical company that develops chemotherapy drugs to enhance the efficacy of cancer treatment. Incorporated in 2017, the company adopts a “Regulatory Science Approach” to more effectively lead its pipeline programs.

While we acknowledge the potential of PCSA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PCSA and that has 100x upside potential, check out our report about this cheapest AI stock.

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