George Rho
Research analyst, long/short equity, special situations, arbitrage

Forthcoming Clinical Trial Results Could Push Prana Shares Even Higher

The subject of this research report is a tiny development-stage biotechnology concern, which means its common stock is, almost by definition, incredibly volatile. Significantly, too, the dual facts that the company's lead new-drug prospect has only completed Phase 2 clinical testing and could be years from commercial viability inject substantial additional uncertainty and risk. That's not all, the results of the two Phase 2 studies haven't even been released yet. Now that all of the prudent investors have been scared off, we highlight here the reasons why we're recommending the shares of Prana Biotechnology Ltd (NASDAQ: PRAN), even if only as an issue worthy of close monitoring. First, an impressive 40 of 42 patients (95.2%) enrolled in one study...

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