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Intercept Pharma Notches 2 Upgrades On Ocaliva Prospects
Monday, August 6, 2018 - 12:44pm | 465Intercept Pharmaceuticals Inc (NASDAQ: ICPT) reported top- and bottom-line beats last week that prompted two Street analysts to upgrade the stock. The Rating Goldman Sachs analyst Salveen Richter upgraded Intercept from Sell to Buy and more than tripled the price target from $46 to $157....
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Wedbush Finally Steps Off The Sidelines, Bumps BioMarin To Outperform
Thursday, December 14, 2017 - 4:26pm | 450BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) shares have been having a stellar run following its presentation at the American Society of Hematology's annual meeting. Notwithstanding the rally, one analyst has found reasons to bump up the ratings on shares. The Analyst Wedbush analyst Liana...
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Kala Pharma Has 2 Material Milestones Upcoming In Q4
Monday, August 14, 2017 - 1:57pm | 369Biotech traders are always on the lookout for stocks with major catalysts on the horizon, and newly-public Kala Pharmaceuticals Inc (NASDAQ: KALA) fits the mold ahead of what will be a critical second half of 2017 for the company. On Monday, Wedbush analyst Liana Moussatos highlighted two key...
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Global Blood Therapeutics' Acquisition Value Could Be At Least $3 Billion
Monday, March 20, 2017 - 9:30am | 327Global Blood Therapeutics Inc (NASDAQ: GBT) is in the process of developing GBT440 to reduce the severity and frequency of crises and pain associated with sickle cell disease and to improve blood oxygenation characteristics and quality of life for idiopathic pulmonary fibrosis. The release of Phase...
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Expect A Pair Of Drug Approvals From BioMarin In 2017; Stock Remains Pricey
Monday, February 27, 2017 - 9:17am | 400“While we see potential approval of two products this year and meaningful pipeline progress, we continue to believe BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) is relatively expensive as it consistently trades at the top of peers,” Wedbush’s Liana Moussatos said in a note, while...
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Why miRagen Therapeutics Shares Could See 60% Upside By 2018
Tuesday, February 21, 2017 - 10:19am | 323Miragen Therapeutics, Inc. (NASDAQ: MGEN) appears to be an “attractive investment opportunity,” with its microRNA pipeline demonstrating early clinical efficacy, the presence of near-term catalysts and the potential for “multi-billion dollars in product sales,” Wedbush...
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Analysts Split On How To Read Intercept Switching Clinical Trial Endpoints
Monday, February 13, 2017 - 12:47pm | 473Intercept Pharmaceuticals Inc (NASDAQ: ICPT) hosted a call on Friday to divulge information about changes it made to a late-stage REGENERATE study in Nonalcoholic steatohepatitis, or NASH. Following the call, sell-side analysts gave contrasting views on the development. The Amendments The...
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Your Guide To 2017's Emerging Pharmaceuticals Catalysts
Tuesday, February 7, 2017 - 3:39pm | 1776Wedbush’s Liana Moussatos mentioned a slew of potential catalysts that could impact emerging pharmaceutical companies this year. Aimmune Therapeutics Inc (NASDAQ: AIMT) — Rated Outperform, PT: $42 Potential Catalysts First Quarter 2017: Initiate RAMSES trial in the United States. March...
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'Steady Growth' For Relypsa's Veltassa Launch
Tuesday, July 12, 2016 - 9:32am | 276Wedbush has maintained its Outperform rating and $51 price target on Relypsa Inc (NASDAQ: RLYP), saying that the sixth full month of Veltassa's launch figures show growth in all categories, including revenue-generating outpatient prescriptions. Veltassa is a potassium binder approved for the...
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Every Biotech Catalyst Wedbush Is Watching In 2016
Saturday, January 2, 2016 - 9:20pm | 826In a new report, Wedbush analyst Liana Moussatos breaks down potential 2016 catalysts for every emerging pharmaceuticals stock under the firm’s coverage. Overall, Wedbush is very bullish about these 11 Outperform-rated stocks headed into 2016. Carbylan Therapeutics Inc (NASDAQ: CBYL) Wedbush...
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Wedbush Hikes Relypsa Target To $86 On Edge Of U.S. Veltassa Launch
Tuesday, December 22, 2015 - 10:50am | 320Relypsa Inc (NASDAQ: RLYP) shares are down 12 percent year-to-date, and have been trading below $30 since August 7. Wedbush’s Liana Moussatos maintained an Outperform rating for the company, while raising the price target from $75 to $86. Following the US launch of Veltassa,...
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Wedbush Offers Probabilities For Upcoming Catalysts In Emerging Pharmas
Tuesday, December 8, 2015 - 9:29am | 850Liana Moussatos of Wedbush overviewed the emerging pharmaceuticals space and offered a scenario analysis of various potential catalysts. Moussatos has the highest degree of confidence on two upcoming catalysts for Relypsa Inc (NASDAQ: RLYP), one of which could see its stock move up or down by as...
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EXCLUSIVE: Relypsa Being Evaluated By 3-4 Potential Acquirers; Sanofi Seen As 'Natural Buyer'
Friday, December 4, 2015 - 2:14pm | 432Relypsa Inc (NASDAQ: RLYP) shares are up more than 16 percent on Friday afternoon after unconfirmed reports that Merck & Co., Inc. (NYSE: MRK) could make a bid for the $1.07 billion bio therapeutic company. A source familiar with the matter told Benzinga Merck is not involved with a bid, but...
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Analyst: No Catalyst For Big Move In XOMA, Could Be Traders Bottom Feeding Stock
Tuesday, November 3, 2015 - 4:51pm | 159Shares of XOMA Corp (NASDAQ: XOMA) were trading up roughly 27.5 percent on Tuesday, after gaining 22.13 percent on Monday trading. Wedbush's Dr. Liana Moussatos has an Outperform rating and $6 price target on the stock. Shares of XOMA Corp rose 22.13 percent on Monday, and continued...
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Wedbush See 470% Upside At Xoma
Monday, October 26, 2015 - 2:27pm | 268XOMA Corp (NASDAQ: XOMA) shares are down 8 percent since October 20, hovering close to the $1 mark for the last 5 trading days. Wedbush’s Liana Moussatos maintained an Outperform rating on the company, with a price target of $6. Top-line data from Phase 2 POC trial of Xoma 358 in...