Canaccord Genuity Reiterates a 'Buy' on Cadence Pharma (CADX); Expect Growing Ofirmev Adoption
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Price: $13.98 --0%
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Cadence Pharma (NASDAQ: CADX) price target of $9.00.
Analyst, Ritu Baral, said, "Reiterate rating and price target on Ofirmev’s ultimate commercial potential driven by outpatient use. We think Ofirmev will ultimately be used in post-op analgesia in ~1/3 of US surgical procedures with peak US sales of $643M. We think Ofirmev will see the most use in outpatient surgery and ambulatory care...We expect additional targeted marketing campaign to drive surgeon pull-through, higher vial per patient use and Ofirmev revenue."
For an analyst ratings summary and ratings history on Cadence Pharma click here. For more ratings news on Cadence Pharma click here.
Shares of Cadence Pharma closed at $3.79 yesterday.
Analyst, Ritu Baral, said, "Reiterate rating and price target on Ofirmev’s ultimate commercial potential driven by outpatient use. We think Ofirmev will ultimately be used in post-op analgesia in ~1/3 of US surgical procedures with peak US sales of $643M. We think Ofirmev will see the most use in outpatient surgery and ambulatory care...We expect additional targeted marketing campaign to drive surgeon pull-through, higher vial per patient use and Ofirmev revenue."
For an analyst ratings summary and ratings history on Cadence Pharma click here. For more ratings news on Cadence Pharma click here.
Shares of Cadence Pharma closed at $3.79 yesterday.
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