 The FDAs equivalent of a red card a CRL complete response letter got handed out on June 19 to Nabriva Therapeutics NBRV. Accordingly, the biotechs share price has dropped nearly 15 since then.Nabriva might feel the markets adverse reaction is a bit unfair. The company received the dreaded CRL for its complicated urinary tract infection cUTI treatment, CONTEPO, as a result of the FDAs inability to inspect two of its manufacturing facilities due to coronavirus-induced travel restrictions.Nabriva already received a CRL for CONTEPO back in April of last year due to flaws at one of the companys European CMOs contract manufacturing organization.Before resubmitting CONTEPOs NDA, Nabriva will request a meeting with the FDA to determine the next steps for the treatments road to approval and the agencys plans for concluding the sites checkup.Although H.C. Wainwrights Ed Acre notes the latest CRL represents an unfortunate delay to CONTEPOs approval, the 5-star analyst highlights some important points:1 this delay does not shorten CONTEPOs minimum 8- year exclusivity QIDP plus data exclusivity which only begins upon its approval; 2 U.S. market launch would not be feasible now given the restrictions of the ongoing COVID-19 pandemic; 3 a 25 million milestone payable to former Zavante stockholders in cash or equity upon the first FDA approval of CONTEPO is now delayed; and 4 CONTEPOs safety is not in question given the FDA did not request that Nabriva stop a pediatric study of CONTEPO that has since been suspended due to COVID-19 restrictions, Arce said.However, given the lack of a commercial field force, and the worrying fact Nabriva doesnt have enough cash to even last another 12 months, Arce maintains a Hold rating. Additionally, a lack of clarity regarding business operations, in the near-term and for the foreseeable future, is cited as the reason for withholding a price target. To watch Arces track record, click hereOver the past three months, two other analysts have published a review of Nabriva, one saying Buy while the other recommends a Hold. Therefore, the stock has a Moderate Buy consensus rating. The average price target of 1.50, could provide investors with upside of a plentiful 105. See Nabriva stock analysis on TipRanksTo find good ideas for biotech stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. More recent articles from Smarter Analyst: Pluristem Is a High Risk, High Reward Play, Says Jefferies Analyst Gilead To Acquire Stake in Cancer Drug Developer Pionyr For 275 Million Check Point Teams Up With Coursera For Cybersecurity Education Program Amazon Launches 2B Climate Pledge Fund To Further Zero-Carbon Goal 