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Stephen is the President of Kilmer Lucas Inc. (www.kilmerlucas.com) and BioTuesday Publishing Corporation (www.biotuesday.ca). Prior to founding both firms, he was the VP of Investor & Public Affairs for OccuLogix Inc., a Boston-based medical device company. Before managing OccuLogix’... More
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BioTuesday Publishing Corporation, a wholly-owned subsidiary of Kilmer Lucas Inc.
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BioTuesday
  • Canaccord ups AEterna price target 0 comments
    May 14, 2010 2:08 PM | about stocks: AEZS

    May 14, 2010 by leonardzehr · Leave a Comment 

    Canaccord Genuity has raised its price target on “speculative buy-rated” AEterna Zentaris (AEZS 1.86 ↓6.06%)(NASDAQ:AEZS; TSX:AEZ (1.92 ↓2.04%)) to $2.60 (U.S.) from $1.65 after updating its valuation to include the colorectal cancer indication for the company’s perifosine drug.

    In a new report, analyst Neil Maruoka says he figures perifosine will have peak revenues of $400 million treating colorectal cancer and gives the drug a 55% probability of clinical success.  That’s the same probability that he projects for perifosine’s multiple myeloma indication.

    The drug has advanced into Phase 3 studies in multiple myeloma and colorectal cancer, and “we believe that results from these studies will be major drivers for the stock,” he added. 

    Disclosure: No positions
    Stocks: AEZS
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