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Edison Investment Research provided color on Endocyte
ECYT in a research investment summary published today.
In the report, Edison Investment Research states, "Endocyte now trading below its cash value and offers a very strong investment case, even on the worst-case scenario that EC145 does not reach the market before the read-out of PROCEED and/or another study in, say, 2015. The recent sell-off therefore offers a geared play on this outcome."
Shares of Endocyte were trading at $3.21 at the time of posting, down 3.90% from Wednesday's market close.
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Posted In: Global
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