Oppenheimer Reiterates an 'Outperform' on Curis (CRIS) After Management Reaffirms Story and Pipeline
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Price: $3.89 -0.51%
Rating Summary:
8 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
8 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade CRIS Now!
Oppenheimer reiterates an 'Outperform' on Curis (NASDAQ: CRIS) price target of $7.50.
Analyst, Boris Peaker, said, "The meeting reaffirmed our confidence in the commercial potential of Erivedge. Consistent with our prior comments, we do not see any near-term competitors to Erivedge. This is important not only from a direct competitive perspective, but also because the royalty agreement between Roche and Curis includes a provision for royalty rate reduction in case of a competitor launch for the same indication. Curis's wholly owned pipeline assets (CUDC-101 and CUDC-907) showed encouraging initial data, but in our view it is too early to model these assets individually."
For an analyst ratings summary and ratings history on Curis click here. For more ratings news on Curis click here.
Shares of Curis closed at $4.75 yesterday, with a 52 week range of $2.70-$5.65.
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Analyst, Boris Peaker, said, "The meeting reaffirmed our confidence in the commercial potential of Erivedge. Consistent with our prior comments, we do not see any near-term competitors to Erivedge. This is important not only from a direct competitive perspective, but also because the royalty agreement between Roche and Curis includes a provision for royalty rate reduction in case of a competitor launch for the same indication. Curis's wholly owned pipeline assets (CUDC-101 and CUDC-907) showed encouraging initial data, but in our view it is too early to model these assets individually."
For an analyst ratings summary and ratings history on Curis click here. For more ratings news on Curis click here.
Shares of Curis closed at $4.75 yesterday, with a 52 week range of $2.70-$5.65.
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