BioBlast Pharma (ORPN) Tops Q2 EPS by 5c

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Roth Capital Affirms BioBlast Pharma (ORPN) at 'Buy'; Sees Trehalose Plan Heading in Right Direction

August 25, 2016 11:13 AM EDT

Roth Capital affirms BioBlast Pharma (Nasdaq: ORPN) with a Buy rating and $15 price target following Q2 results released earlier Thursday.

Analyst Joseph Pantginis commented, ORPN has made important strategic decisions in order to manage cash burn and focus on its lead clinical opportunity with trehalose. To this end, work has been postponed on the mitochondrial protein replacement and readthrough platforms. Regarding trehalose,... More