Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

UPDATE: Needham Reiterates on NuPathe On 3Q13 Financials And Zecuity Launch Preparations

Share:

In a report published Friday, Needham analyst Elliot Wilbur reiterated a Hold rating on NuPathe (NASDAQ: PATH).

In the report, Needham says "PATH announced 3Q13 financials and an update on the Zecuity launch preparations. The company continues to make progress, but no commercial partnership has been secured and given the cash runway of $10MM (as of 9/30/13) that only extends to January 2014, PATH is paring back expenses postponing the expected 4Q13 launch of Zecuity indefinitely until a partner and additional capital are secured. PATH expects to continue the validation of the Zecuity manufacturing processes and have launch supplies manufactured by the end of 2013. While the company's need for capital is urgent, we continue to believe a commercial partner can be secured to proceed with a 2014 Zecuity launch."

NuPath closed on Thursday at $1.86.

Latest Ratings for PATH

DateFirmActionFromTo
Jan 2014DowngradesOutperformNeutral
Dec 2013DowngradesBuyHold
Nov 2013MaintainsHold

View More Analyst Ratings for PATH
View the Latest Analyst Ratings

Posted-In: Elliot Wilbur NeedhamAnalyst Color Reiteration Analyst Ratings

 

Related Articles (PATH)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
BIDUMaintains147.0
PINSMaintains23.0
GRUBInitiates Coverage On
HOTHInitiates Coverage On
NDRAInitiates Coverage On
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: Wunderlich Securities Reiterates on Red Robin Gourmet Burgers on Rollout of New Premium Burgers

UPDATE: Citigroup Downgrades Tile Shop Holdings Following Fraud Allegations