Ascendiant Capital Starts Aastrom Biosciences (ASTM) at Strong Buy; Leading Pure Play in Regenerative Medicine

May 16, 2012 7:37 AM EDT Send to a Friend
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Price: $0.59 +3.51%

Rating Summary:
    7 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 43 | New: 13
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Ascendiant Capital initiates coverage on Aastrom Biosciences (NASDAQ: ASTM) with a Strong Buy. PT $4.25.

Analyst, Keay Nakae, said, "We believe that Aastrom is one of the best positioned, pure play regenerative medicine companies. The Company’s key product, ixmyelocel-T, is an autologous, bone marrow-derived cell therapy product being developed for the treatment of critical limb ischemia (CLI) and dilated cardiomyopathy (DCM). Aastrom has begun patient enrollment in a Phase 3 study for CLI, while DCM is in Phase 2."

For an analyst ratings summary and ratings history on Aastrom Biosciences click here. For more ratings news on Aastrom Biosciences click here.

Shares of Aastrom Biosciences closed at $2.32 yesterday, with a 52 week range of $1.75-$3.47.


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