Healthcare Business Roundup: StemCells Kicks Off With A Buy, Neuralstem Begins Test
StemCells (NASDAQ:STEM) sees its shares initiated by Ascendiant Capital Markets with a Buy along with a $2.60 price target. The analyst firm commented that, “We believe that StemCells is an intriguing speculative small cap investment story. The Company is breaking new ground in its development of novel stem cell therapies.”
Shares of Isis Pharmaceuticals (NASDAQ:ISIS) continue downward from a downgrade to Neutral Wednesday morning at Summer Street, which foresees only a 50 percent chance that the FDA panel approve its hypercholesterolemia drug Kynamro.
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Neuralstem (AMEX:CUR) commences testing the safety of its NSI-189 treatment for Major Depressive Disorder with a second set of patients subsequent to receiving FDA approval to do so. The firm says that “There were no surprises” in the first cohort of patients in the Phase Ib study.
Nabi Biopharmaceuticals (NASDAQ:NABI) shares finished the day in the green in the face of its earlier announcement that Phase 2 studies of its smoking-cessation vaccine failed to meet the primary endpoint, which presents another setback for the drug.