UPDATE: Canaccord Genuity Starts Vical (VICL) at Buy, promise of Allovectin and DNA vaccine
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Price: $0.68 --0%
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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(Updated - September 21, 2012 10:25 AM EDT)
Canaccord Genuity initiates coverage on Vical (NASDAQ: VICL) Friday with a Buy rating and price target of $7 citing the on promise of Allovectin and its DNA vaccine platform.
"We expect widespread use in unresectable melanoma given Allovectin's clean safety profile and ease of use. We see blockbuster potential for CMV franchise (CyMVectin and out-licensed TransVax) given unmet need in large populations," analyst Ritu Baral said.
Pivotal Allovectin melanoma data expected by YE12. The firm predicts: success in 1˚ endpoint but survival, FDA's key endpoint, is the challenge. All signs point to Allovectin being safe, active and durable. Ph1 & 2 data show evidence of clinical activity (T cell infiltration of lesions, responses in non-injected tumors, vitiligo). We think Ph3 patient set (Stage 3/4 chemonaive patients) will show a higher response versus chemotherapy arm."
For an analyst ratings summary and ratings history on Vical click here. For more ratings news on Vical click here.
Shares of Vical closed at $4.23 yesterday.
Canaccord Genuity initiates coverage on Vical (NASDAQ: VICL) Friday with a Buy rating and price target of $7 citing the on promise of Allovectin and its DNA vaccine platform.
"We expect widespread use in unresectable melanoma given Allovectin's clean safety profile and ease of use. We see blockbuster potential for CMV franchise (CyMVectin and out-licensed TransVax) given unmet need in large populations," analyst Ritu Baral said.
Pivotal Allovectin melanoma data expected by YE12. The firm predicts: success in 1˚ endpoint but survival, FDA's key endpoint, is the challenge. All signs point to Allovectin being safe, active and durable. Ph1 & 2 data show evidence of clinical activity (T cell infiltration of lesions, responses in non-injected tumors, vitiligo). We think Ph3 patient set (Stage 3/4 chemonaive patients) will show a higher response versus chemotherapy arm."
For an analyst ratings summary and ratings history on Vical click here. For more ratings news on Vical click here.
Shares of Vical closed at $4.23 yesterday.
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