Five Prime Announces Second Quarter 2016 Results and Provides Business Update

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Five Prime Therapeutics (FRPX) PT Raised to $60 at Jefferies

August 5, 2016 9:51 AM EDT

Jefferies analyst Eun Yang reiterated a Buy rating and raised his price target on Five Prime Therapeutics (NASDAQ: FPRX) to $60.00 (from $41.00) following Q2 results.

Yang commented, "Narrower 2Q net loss on higher revenue; estimated YE16 cash of ~$400M should fund operations into... More

Five Prime Therapeutics (FPRX) Tops Q2 EPS by 7c

August 4, 2016 5:38 PM EDT

Five Prime Therapeutics (NASDAQ: FPRX) reported Q2 EPS of ($0.49), $0.07 better than the analyst estimate of ($0.56). Revenue for the quarter came in at $9.92 million versus the consensus estimate of $6.38 million.

"Were pleased with the progress weve made through the first half of the year and... More