BioTuesdays
Savara Logo

HCW starts Savara at buy; PT $22

H.C. Wainwright initiated coverage of Savara (NASDAQ:SVRA) with a “buy” rating and $22 price target. The stock closed at $8.88 on May 25. Savara is developing two compounds, Molgradex, and AeroVanc that we believe, are...

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Ladenburg starts Scynexis at buy; PT $9

Ladenburg Thalmann launched coverage of Scynexis (NASDAQ:SCYX) with a “buy” rating and price target of $9. The stock finished at $1.59 on May 23. Scynexis is focused on developing a first-in-class antifungal, SCY-078...

Avid Bioservices

HCW starts Avid Bioservices at buy; PT $5

H.C. Wainwright launched coverage of Avid Bioservices (NASDAQ:CDMO) with a “buy” rating and $5 price target. The stock closed at $3.56 on May 23. Avid has accumulated 25 years of biologics cGMP experience, including...

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Canaccord cuts Vermillion to hold; PT to $1

Canaccord Genuity downgraded Vermillion (NASDAQ:VRML) to “hold” from “buy” and lowered its price target to $1 from $2.25 after the company’s first quarter results missed estimates across the board. The stock closed at...

Cesca Therapeutics Logo

HCW starts Cesca Therapeutics at buy; PT $1.50

H.C. Wainwright launched coverage of Cesca Therapeutics (NASDAQ:KOOL) with a “buy” rating and $1.50 price target. The stock closed at 53 cents on May 22. Cesca is focused on cell-based therapies and automated cell...

Citius Logo

HCW starts Citius Pharma at buy; PT $11

H.C. Wainwright initiated coverage of Citius Pharmaceuticals (NASDAQ:CTXR) with a “buy” rating and price target of $11. The stock finished at $2.40 on May 22. The company’s antibiotic lock therapy drug combination, Mino...

Synthetic Biologics Logo

HCW starts Synthetic Biologics at buy; PT $1

H.C. Wainwright initiated coverage of Synthetic Biologics (NYSE AMERICAN:SYN) with a “buy” rating and price target of $1. The stock finished at 25 cents on May 17. Analyst Edward White writes that the new coverage is...

Agile Therapeutics

HCW halves Agile Therapeutics PT to $4

H.C. Wainwright halved its price target for Agile Therapeutics (NASDAQ:AGRX) to $4 from $8 after the company updated the regulatory status of Twirla, its weekly transdermal contraceptive patch. The stock closed at 69...

Helius Medical Technologies Logo

BTIG starts Helius Medical at buy; PT $14

BTIG initiated coverage of Helius Medical Technologies (NASDAQ:HSDT) with a “buy” rating and $14 price target. The stock closed at $11.11 on May 16. “Helius has the potential to help people with traumatic brain injuries...

Anavex

Maxim ups Anavex Life Sciences PT to $7

Maxim Group raised its price target for Anavex Life Sciences (NASDAQ:AVXL) to $7 from $5, after factoring in Anavex 2-73 for additional indications: Rett syndrome and Parkinson’s disease, beyond Alzheimer’s disease. The...

Roth starts Daré Bioscience at buy; PT $6

Roth Capital Partners initiated coverage of Daré Bioscience (NASDAQ:DARE) with a “buy” rating and $6 price target. The stock closed at $1.07 on May 15. Daré brings innovation to the contraception market, writes analyst...

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Maxim ups Sophiris Bio PT to $8

Maxim Group raised its price target for Sophiris Bio (NASDAQ:SPHS) to $8 from $5, factoring in topsalysin data in prostate cancer at the end of the second quarter. The stock was quoted at $3.55 in afternoon trading on...

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Ladenburg starts Zymeworks at buy; PT $25

Ladenburg Thalmann initiated coverage of Zymeworks (NYSE:ZYME) with a “buy” rating and $25 price target. The stock closed at $15.84 on May 14. Zymeworks is developing bispecific/multifunctional biotherapeutics initially...

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Maxim ups Coherus Biosciences PT to $22

Maxim Group raised its price target for Coherus Biosciences (NASDAQ:CHRS) to $22 from $18 after the FDA has accepted for review the recently resubmitted BLA for CHS-1701 (Neulasta biosimilar). This is a Type I response...

Tandem Diabetes Care

Piper ups Tandem Diabetes to OW; PT $13

Piper Jaffray upgraded Tandem Diabetes (NASDAQ:TNDM) to “overweight” from “neutral” and raised its price target to $13 from $8 after hosting meetings with the company’s CEO and CFO. The stock closed at $8.90 on April 11...

Proteon Therapeutics

HCW ups Proteon Therapeutics to buy; PT $3

H.C. Wainwright upgraded Proteon Therapeutics (NASDAQ:PRTO) to “buy” from “neutral” and raised its price target to $3 from $2.30. “While investors may have written Proteon off after the failure of the PATENCY-1 study in...

TransEnterix

BTIG ups TransEnterix to buy; PT $3.50

BTIG upgraded TransEnterix (NASDAQ:TRXC) to “buy” with a price target of $3.50 after the company posted first quarter revenue above expectations. The stock closed at $1.83 on April 8. Dr. Sean Lavin writes that there...

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IntelGenx closes private placement financing

IntelGenx Technologies (OTCQX:IGXT; TSX-V:IGX) closed a private placement of 320 units at a price of $10,000 (U.S.) a unit for gross proceeds of $3.2-million. Proceeds will be used for the company’s Montelukast Phase 2a...

CytRx

HCW analyst assumes coverage of CytRx at buy; PT $4

H.C. Wainwright analyst Raghuram Selvaraju assumed coverage of CytRx (NASDAQ:CYTR) with a “buy” rating and price target of $4. The stock was quoted at $1.91 in afternoon trading on April 7. CytRx’s two principal value...

Cannabis Wheaton Logo

Mackie Research starts Cannabis Wheaton at buy; PT $3

Mackie Research initiated coverage of Cannabis Wheaton with a “buy” rating and $3 price target. The stock closed at $1.56 on April 2. Analyst Greg McLeish writes that Wheaton’s “unique model is made up of three distinct...

Oryzon Genomics

Roth starts Oryzon Genomics at buy; PT €15

Roth Capital Partners initiated coverage of Oryzon Genomics (ISIN Code: ES0167733015, ORY) with a “buy” rating and price target of €15. The stock was recently quoted at €2.38. “In our view, the Spanish biotech Oryzon is...