Market Overview

UPDATE: Canaccord Genuity Cuts PT to $13 on Omeros Corporation on Phase 3 Endpoint Miss

Related OMER
9 IPOs That Fell Flat On Wall Street
Omeros Announces OMIDRIAssure™ to Expand Patient Access to Omidria®

Canaccord Genuity reiterated its Buy rating on Omeros Corporation (NASDAQ: OMER) but lowered its price target from $15 to $13.

Canaccord Genuity noted, "Reiterate BUY, lowering target to $13 on slightly increased clinical risk/lower probability of success, later launch of OMS103 in meniscectomy, but our confidence in OMS302 approval, revenue in cataract surgery remains. OMS302 is in development for pupil dilation maintenance in lens surgery, where dilation is key for lens placement and recovery. 302 is OMER's second PharmacoSurgery asset after OMS103, now in Ph3 for meniscectomy surgery. Our $14 target is based on pNPV analysis."

Omeros Corporation closed at $5.84 on Thursday.

Latest Ratings for OMER

Aug 2015Roth CapitalInitiates Coverage onBuy
Feb 2014McNicoll Lewis VlakMaintainsBuy
Apr 2013WBB SecuritiesMaintainsStrong Buy

View More Analyst Ratings for OMER
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (OMER)

View Comments and Join the Discussion!

Get Benzinga's Newsletters