Leerink Swann Resumes Orexigen Therapeutics (OREX) at Outperform
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Price: $0.22 --0%
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Leerink Swann resumes coverage on Orexigen Therapeutics (NASDAQ: OREX) with a Outperform rating and $10 price target.
The firm said, "Despite recent appreciation, we believe the current stock price still provides an attractive entry point ahead of upcoming catalysts. These include potential additional competitor obesity drug approvals and clinical trial progress and approval of OREX's lead obesity product Contrave."
Our analysis and MEDACorp feedback lead us to believe VVUS's (Nasdq: VVUS) Qnexa will gain approval by its 7/17/12 PDUFA. This would serve as an incremental driver for OREX, in our view. Longer term, KOLs believe Contrave could be approved in 2014 with a competitive profile."
For an analyst ratings summary and ratings history on Orexigen Therapeutics click here. For more ratings news on Orexigen Therapeutics click here.
Shares of Orexigen Therapeutics closed at $7.06 yesterday.
The firm said, "Despite recent appreciation, we believe the current stock price still provides an attractive entry point ahead of upcoming catalysts. These include potential additional competitor obesity drug approvals and clinical trial progress and approval of OREX's lead obesity product Contrave."
Our analysis and MEDACorp feedback lead us to believe VVUS's (Nasdq: VVUS) Qnexa will gain approval by its 7/17/12 PDUFA. This would serve as an incremental driver for OREX, in our view. Longer term, KOLs believe Contrave could be approved in 2014 with a competitive profile."
For an analyst ratings summary and ratings history on Orexigen Therapeutics click here. For more ratings news on Orexigen Therapeutics click here.
Shares of Orexigen Therapeutics closed at $7.06 yesterday.
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