Brean Capital Assumes TG Therapeutics (TGTX) at Buy
Get Alerts TGTX Hot Sheet
Rating Summary:
11 Buy, 1 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Brean Capital assumes coverage on TG Therapeutics (NASDAQ: TGTX) with a Buy rating and a price target of $28.00.
Analyst Jason Wittes commented, "We are assuming coverage of TGTX with a Buy rating and $28 target price. The company has two lead oncology drug candidates in Phase III trials: TG-1101 (a monoclonal antibody that targets a unique epitope on the B-lymphocyte CD20 antigen) and TGR-1202 (a PI3K delta inhibitor, which has shown a significantly better toxicity profile than competing PI3K inhibitors in Phase II trials). If approved, the company looks to package them as combination therapies at very competitive prices versus combination therapies from two different sources—especially important to payers for such treatments as lymphoma and other less aggressive cancers with prolonged treatment regimes. We expect TG to make rapid progress through the clinic and emphasize the importance of owning multiple assets. TG had cash of $75.8M at the end of 2Q16, which management believes is sufficient to support operations into 2Q18."
For an analyst ratings summary and ratings history on TG Therapeutics click here. For more ratings news on TG Therapeutics click here.
Shares of TG Therapeutics closed at $8.38 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Loop Capital Starts DoorDash Inc. (DASH) at Buy, 'Category Killer with Stellar Execution'
- JMP Securities Starts The RMR Group Inc. (RMR) at Market Perform, 'Pure-Pay'
- B.Riley Resumes PubMatic Inc (PUBM) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Hot New Coverage, New CoverageRelated Entities
Brean CapitalSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!