BioCentury on BioBusiness,
Analyst Picks & Changes
Analyst picks & changes
Published on
Monday, March 12, 2012
|
Company
|
Bank
|
Analyst
|
Coverage
|
Opinion
|
Wk
chg
|
3/9
cls
|
|
Celldex
Therapeutics Inc. (NASDAQ:CLDX)
|
Roth
Capital Partners
|
Joseph
Pantginis
|
Price
target
|
Buy
|
3%
|
$3.90
|
|
Pantginis
raised his target to $9 from $6 ahead of data from the Phase IIb EMERGE trial
with CDX-011 in metastatic breast cancer at the American Society of Clinical
Oncology meeting in June. Pantiginis also believes that the company's cash
position will enable "fast paced pipeline progress." Celldex
reported that it has sufficient cash to fund operations through 2014, with
$53.3M as of Dec. 31, 2011, plus an additional $46.2M from financing
proceeds. CDX-011 is a human mAb against glycoprotein NMB (GPNMB) linked to
the tubulin inhibitor monomethyl auristatin E (MMAE).
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114
words displayed of
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