Seeking Alpha

Aegis looks for Evoke Pharma to increase sevenfold

  • Aegis starts Evoke Pharma (EVOK) at Buy with a $60 target (that represents upside of ~636%).
  • Analyst Raghuram Selvaraju likes the regulatory chances for EVK-001 (intranasal metoclopramide).
  • "Since the compound in question is already approved for the same indication in which Evoke is aiming to test it, this program seems a low-risk proposition," Selvaraju says.
  • Shares +54% premarket
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