H.C. Wainwright Starts Lipocine Inc (LPCN) at Buy, PT $25

October 7, 2016 7:22 AM EDT
Get Alerts LPCN Hot Sheet
Price: $3.37 +2.74%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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H.C. Wainwright initiated coverage on Lipocine Inc (NASDAQ: LPCN) with a Buy rating and a price target of $25.

Analyst Corey Davis said, "Our Lipocine investment thesis hinges on the success of three late-stage orally-formulated steroid products to better compete with current products that are either injectable or topical. LPCN 1021 (brand name Tylando) is a twice-daily oral formulation of testosterone for hypogonadal men (low testosterone), that received a Complete Response Letter on June 29, 2016 and should have clarity as to the path forward this month. LPCN 1111 is a once-daily next generation prodrug of testosterone that announced successful Phase 2b on September 26. LPCN 1107 is an oral version of hydroxyprogesterone for pre-term birth that would compete directly with Makena and is ready to enter Phase 3."

For an analyst ratings summary and ratings history on Lipocine Inc click here. For more ratings news on Lipocine Inc click here.

Shares of Lipocine Inc closed at $4.17 yesterday.

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