Market Overview

UPDATE: Jefferies & Company Initiates Coverage on Antares Pharma with Buy Rating, $5 PT

Related ATRS
Antares Pharma (ATRS) Crumbles: Stock Falls by 8.3% - Tale of the Tape
Antares Pharma Announces Additional Patent Coverage for OTREXUP

In a report published Wednesday, Jefferies & Company initiated coverage on Antares Pharma (NASDAQ: ATRS) with a Buy rating and $5.00 price target.

Jefferies noted, “We are initiating on ATRS with a Buy and a 12-month $5 price target. ATRS is a needle auto-injector innovator transitioning from a device technology partner to an integrated commercial-stage drug company. The primary driver is a self-injected once-weekly form of methotrexate for RA (NDA filed 12/17/12) with better safety and efficacy potential. In the meantime, several already-partnered drugs should fund pre-launch preparations in '13.”

Antares Pharma closed on Tuesday at $3.82.

Posted-In: Jefferies & CompanyAnalyst Color Initiation Analyst Ratings


Most Popular

Related Articles (ATRS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters