Roth Remains Neutral on Peregrine Pharma (PPHM); Pipeline Advancing Well, but Catalysts Remain

September 9, 2016 11:09 AM EDT
Get Alerts PPHM Hot Sheet
Price: $0.40 +25.00%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
Trade PPHM Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Roth Capital affirms Peregrine Pharma (Nasdaq: PPHM) with a Neutral rating and $0.50 price target following Q1 results issued Thursday night.

Analyst Joseph Pantginis noted Peregrine's efforts to advances its pipeline. The analyst commented: In our opinion, PPHM is making strategic decisions in order to grow and become profitable through a two pronged approach: 1) decrease R&D costs, and 2) grow the manufacturing arm, Avid. PPHM is lowering R&D expenses by entering into collaborations.

PPHM announced that the NCCN awarded three grants to investigators to support research of bavituximab in combination with other therapeutics. NCCN will be responsible for oversight and monitoring of the studies. Initiation of the trials is expected in early 2017. The three trials include 1) a Phase I trial of sorafenib and bavituximab in addition to Stereotactic Body Radiation Therapy for unresectable hepatitis C associated hepatocellular carcinoma, 2) a Phase I/II trial of bavituximab with radiation and temozolomide for patients with newly diagnosed glioblastoma, and 3) a Phase II study of pembrolizumab and bavituximab for progressive recurrent/ metastatic squamous cell carcinoma of the head and neck.

A major company initiative is to generate clinical data for bavituximab in order to attract a partner who can fund the program. It believes it can achieve this in an effective manner through smaller, biomarker driven studies, including studies where biomarkers play a role in patient selection.

For an analyst ratings summary and ratings history on Peregrine Pharmaceuticals click here. For more ratings news on Peregrine Pharmaceuticals click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments

Related Entities

Roth Capital

Add Your Comment