Synergy (SGYP) Higher After Plecanatide Meets Endpoints

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Synergy Pharmaceuticals (SGYP) PT Nearly Doubled at Cantor Fitzgerald

January 2, 2013 12:44 PM EST

Cantor Fitzgerald raised its price target on Buy-rated Synergy Pharmaceuticals (NASDAQ: SGYP) from $7 to $13 following positive top-line results from its Phase IIb/III chronic constipation (CC) trial of plecanatide.

The firm comments, "While details were not disclosed since the company is attempting to... More