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12:00 AM
 | 
Feb 04, 2013
 |  BioCentury  |  Analyst Picks & Changes

Analyst picks & changes

Analyst picks & changes

Company Bank Analyst Coverage Opinion Wk chg 2/1 cls
Celsion Corp. (NASDAQ:CLSN) Roth Capital Partners Joseph Pantginis Downgrade Neutral (from buy) -83% $1.32
Pantginis also lowered his target to $1.70 from $10 after Celsion announced that its IV ThermoDox failed in the Phase III HEAT trial to treat non-resectable hepatocellular carcinoma (HCC) (see B18). He said his target is now based solely on the Phase II study of ThermoDox in recurrent chest wall breast cancer, and assigns a 10% chance of success in this indication. The product is doxorubicin encapsulated in a heat-activated liposome.
Furiex Pharmaceuticals Inc. (NASDAQ:FURX) Canaccord Randall Stanicky New Buy 61% $34.21
Stanicky initiated coverage with a $45 target after FDA approved three Type II diabetes products - Nesina alogliptin, Kazano alogliptin/metformin and Oseni alogliptin/pioglitazone - from partner Takeda Pharmaceutical Co. Ltd. (Tokyo:4502). Stanicky sees highly visible cash flow on royalties and milestones for Furiex mainly from Nesina, which Takeda already markets...

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