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Wednesday, Nov 14
2012, 2:35 PM
Ventrus Biosciences (VTUS +5.3%) moves higher today, offsetting some of the losses from a lower...
Ventrus Biosciences (VTUS +5.3%) moves higher today, offsetting some of the losses from a lower than expected Q3 EPS yesterday. Cantor Fitzgerald thinks the results were "meaningless" and the stock is extremely undervalued. The firm believes the market is too deeply discounting the company's diltiazem hydrochloride cream, a treatment for anal fissures currently in Phase 3 testing. The drug suffered a setback recently when the FDA said it required a second Phase 3 study, but Cantor believes it should be market ready by the end of 2014.