We believe that Synergy Pharmaceuticals' (SGYP) stock is poised for a large move in the coming month due to three major company events: initiation of a second Phase III clinical trial of their lead drug, plecanatide; top line results from their current Phase IIb/III trial of plecanatide; and the completion louboutin uk of the merger of Synergy with Callisto Pharmaceuticals (OTC:CLSP). Based on the valuations of other biotech companies with drugs in the same therapeutic class as plecanatide, we believe that SGYP stock is significantly undervalued ahead of these major events as outlined below. The first of these events, superdry sale the initiation of the company's second Phase III trial, will be announced very soon..
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