Market Overview

UPDATE: Wedbush Maintains Raptor Pharmaceutical at Outperform as FDA Pushes Back PDUFA Date

Share:
Related RPTP
Raptor Pharma Reports Data from Phase 3 Study of QUINSAIR
Mid-Day Market Update: Hatteras Financial Surges On Acquisition News; Odyssey Marine Exploration Shares Decline

Wedbush reiterated its Outperform rating and $10 price target on Raptor Pharmaceutical (NASDAQ: RPTP).

Wedbush commented, "RPTP recently announced that the FDA has pushed PROCYSBI (RP103) PDUFA date to April 30 from January 30. Importantly, FDA is not requesting additional studies or information. RP103 is also under review by the EMA, with potential approval anticipated mid-13. … Our launch expectations remain unchanged, and following a recent debt deal, the company has $50 million in cash, which is estimated to be sufficient into profitability."

Raptor Pharmaceutical closed at $5.51 on Friday.

Latest Ratings for RPTP

DateFirmActionFromTo
Apr 2016JMP SecuritiesUpgradesMarket OutperformMarket Outperform
Jan 2016CitigroupUpgradesNeutralBuy
Nov 2015WedbushUpgradesUnderperformNeutral

View More Analyst Ratings for RPTP
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Related Articles (RPTP)

View Comments and Join the Discussion!