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UPDATE: CRT Capital Initiates Coverage on OncoGenex

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CRT Capital Thursday morning ratings report included a coverage initiation by analyst Arlinda Lee on Oncogenex Pharmaceuticals (NASDAQ: OGXI) with a Buy rating and price target of $20.

The highlight for OGXI includes phase 3 trials of Curtisen and subsequent partnership with Teva, along with phase 2 trials of Apatorsen.

The report notes "The basis for our Buy rating is our optimism for a positive outcome from ongoing pivotal Phase 3 SYNERGY trial in castrate resistant prostate cancer (CRPC) in mid-2014. We expect FDA filing in 2H14 and approval in 20145. We also expect rapid uptake of custirsen to reach peak 35% penetration the US and 30% in EU."

OGXI closed the previous trading session at $11.51 and is currently trading around the $11.76 mark.

Latest Ratings for OGXI

Apr 2014Stifel NicolausMaintainsBuy
Apr 2014RBC CapitalDowngradesOutperformSector Perform
Apr 2014NeedhamDowngradesStrong BuyBuy

View More Analyst Ratings for OGXI
View the Latest Analyst Ratings

Posted-In: CRT CapitalNews Price Target Initiation Markets Analyst Ratings


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