Market Overview

Maxim Group Reiterates Buy Rating, $28 PT on Ariad Pharmaceuticals

Related ARIA
JMP Sees A 'Negative Market Tone' In Biotechnology
3 Stocks That Made A Big Impact At ASCO
The Vetr community has upgraded $ARIA to 4.5-Stars. (Vetr)

In a report published Monday, Maxim Group reiterated its Buy rating and $28.00 price target on Ariad Pharmaceuticals (NASDAQ: ARIA).

Maxim Group noted, “This morning ARIA hosted a conference call further explaining the phase I data (of an ongoing phase I/II trial) of AP26113 in NSCLC (non-small cell lung cancer) the company presented on Saturday, September 29, 2012 at the ESMO (European Society for Medical Oncology) meeting. AP26113 is ARIA's second lead drug candidate. It is a dual kinase inhibitor against ALK (anaplastic lymphoma kinase) and EGFR (epidermal growth factor receptor); the expression levels of the two kinases are 4% and 10%, respectively, in Western NSCLC population. Tarceva (erlotinib) and Xalkori (crizotinib) are already commercialized drugs against EGFR+ and ALK+ NSCLC, respectively.”

Ariad Pharmaceuticals closed on Friday at $24.21.

Latest Ratings for ARIA

Dec 2014Credit SuisseDowngradesNeutralUnderperform
Aug 2014CitigroupMaintainsSell
Aug 2014JMP SecuritiesMaintainsMarket Outperform

View More Analyst Ratings for ARIA
View the Latest Analyst Ratings

Posted-In: Maxim GroupAnalyst Color Reiteration Analyst Ratings


Related Articles (ARIA)

Around the Web, We're Loving...

Get Benzinga's Newsletters