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Roth Capital Upgraded Peregrine Pharma Following Internal Review of Trial

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Peregrine Pharmaceuticals Announces Three Abstracts Accepted for Presentation at AACR 2015 Annual Meeting
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Roth Capital upgraded Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM) following news of an update from its internal review of discrepancies from its Phase II randomized, double-blind placebo-controlled trial of bavituximab in second-line non-small cell lung cancer (NSCLC) in 121 patients.

The firm raised its rating from Neutral to Buy and boosted its price target from $1.25 to $2.70.

Latest Ratings for PPHM

DateFirmActionFromTo
Mar 2014McNicoll Lewis VlakMaintainsBuy
Mar 2013Piper JaffrayInitiates Coverage onOverweight
Jan 2013Roth CapitalUpgradesNeutralBuy

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