Rodman & Renshaw See 243% Upside In OncoSec Medical Shares

Loading...
Loading...
Rodman & Renshaw initiated coverage on
OncoSec Medical IncONCS
with a Buy rating and $6.00 price target, describing the company as representing a unique opportunity in the oncology sector, positioned in the highly visible and widely-followed immunotherapy domain.

Related Link: Galencia's Bid For Relypsa Is "Reasonable," Another Bidder "Unlikely"

According to the analysts, several near-term value drivers could constitute meaningful upside to their estimates. "We currently only model sales of ImmunoPulse™ IL-12 in melanoma, without factoring in contributions from other potential therapeutic candidates generated by OncoSec's proprietary technology platform or possible applications in other indications, such as triple-negative breast cancer (TNBC)," the analysts wrote.

They also mentioned three major risks to their valuation, including (1) negative trial data, (2) failure to show synergy with approved immunotherapy drugs, (3) regulatory delays or rejections.

Full ratings data available on Benzinga Pro.

Did you like this article? Could it have been improved? Please email feedback@benzinga.com with the story link to let us know!

Market News and Data brought to you by Benzinga APIs
Posted In: Analyst ColorBiotechLong IdeasHealth CarePrice TargetInitiationAnalyst RatingsTrading IdeasGeneralcancerImmunotherapyoncologyRodman & Renshaw
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...