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Wedbush Downgrades CytomX Due To Lack Of Clarity On Development Paths
Monday, November 11, 2019 - 12:55pm | 273CytomX Therapeutics Inc (NASDAQ: CTMX) reported disappointing third-quarter results and lacks clarity into the path forward for its wholly-owned PD-L1 Probody CX-072, according to Wedbush. The Analyst Wedbush’s Robert Driscoll downgraded CytomX Therapeutics from Outperform to Neutral ...
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Wedbush Starts Arvinas At Outperform, Says Lead Assets Could Have Successful Trials
Wednesday, September 25, 2019 - 2:44pm | 314Arvinas Inc's (NASDAQ: ARVN) two lead assets have a “high likelihood of success” in their respective indications, according to Wedbush. The Analyst Robert Driscoll initiated coverage of Arvinas with an Outperform rating and $38 price target. The Thesis The market seems to...
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Wedbush Recommends Buying Cidara Shares After Rezafungin Deal
Wednesday, September 4, 2019 - 2:37pm | 389Cidara Therapeutics Inc (NASDAQ: CDTX) announced a development and commercialization deal Tuesday for its lead antifungal investigational drug, rezafungin. The Analyst Wedbush analyst Robert Driscoll upgraded Cidara from Neutral to Outperform and upped the price target from $2 to $4. The Thesis...
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Nabriva Analysts Bullish After FDA OKs Antibiotic; BofA Sees $200M Sales Potential
Tuesday, August 20, 2019 - 12:42pm | 475The FDA approved Nabriva Therapeutics PLC – ADR (NASDAQ: NBRV)'s lead antibiotic asset, Xenleta, on Monday for the treatment of community-acquired bacterial infections. The Analysts Bank of America Merrill Lynch analyst Jason Gerberry reiterated a Buy rating on...
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Replimune's Lead Asset Likely To Clear Regulatory Hurdle, Wedbush Says In Bullish Initiation
Thursday, April 25, 2019 - 2:23pm | 476Replimune Group Inc (NASDAQ: REPL)'s lead asset is expected to quickly pass through development and clear the FDA hurdle, according to Wedbush. The Analyst Robert Driscoll initiated overage of Replimune, which went public in July 2018, with an Outperform rating and $24 price...
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Harpoon Therapeutics' Platform To Drive Significant Value, Wedbush Says In Bullish Initiation
Tuesday, March 5, 2019 - 12:40pm | 383Harpoon Therapeutics Inc (NASDAQ: HARP), a clinical-stage immunotherapy company working on therapies for solid tumors and hematological malignancies, recently offered 5.4 million shares in an IPO, pricing the shares at $14 each. The Analyst Following the expiration of the IPO quiet period,...
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Alpine Is A Buy Ahead Of Clinical Trials, Wedbush Says In Positive Initiation
Friday, May 18, 2018 - 3:01pm | 346Wedbush analysts see an attractive entry point for Alpine Immune Sciences Inc. (NASDAQ: ALPN), as the biotech's initial candidates will enter the clinic over the next year. The Analyst Robert Driscoll of Wedbush initiated coverage on Apline with an Outperform rating and $13 price target....
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Wedbush Projects Limited Upside For Arbutus Shares This Year, Moves To Sidelines
Monday, March 19, 2018 - 12:57pm | 376While Wedbush predicts Arbutus Biopharma Corp (NASDAQ: ABUS) shares will appreciate over the next six-to-12 months amid clinical data readouts, the sell-side firm stepped to the sidelines following the Canadian biopharma company's fourth-quarter print and and expectations of limited near-...
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Wedbush: Restorbio's Therapy For Aging-Related Diseases Has Best-In-Class Potential
Tuesday, February 20, 2018 - 3:39pm | 452Clinical stage biopharma company resTORbio, Inc. (NASDAQ: TORC)'s TORC1 inhibition program uses a protein called serine/threonine kinase that aims to regulate aging and aging-related diseases conditions without undesirable side effects. The Analyst Wedbush analyst Robert Driscoll...
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Wedbush Rates Kura Oncology Outperform As Catalysts Loom
Thursday, December 21, 2017 - 4:26pm | 249Kura Oncology Inc (NASDAQ: KURA) announced Thursday it has been selected for addition to the Nasdaq Biotechnology Index. The Analyst Wedbush's Robert Driscoll and David Nierengarten initiated Kura Oncology at Outperform, with a price target of $19. The Thesis Driscoll and Nierengarten...
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Wedbush On Anacor Pharma: Crisaborole Delivers, Reiterate Outperform
Monday, July 13, 2015 - 2:33pm | 254In a report rolled out Monday, Wedbush analysts David M. Nierengarten, Dilip Joseph and Robert Driscoll reiterated an Outperform rating on shares of Anacor Pharmaceuticals Inc (NASDAQ: ANAC), while boosting their price target from $85 to $190. Shares of Anacor were up more than 55 percent on...