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Friday, July 12, 2019

Anthem target upped to $371 from $359 by Morgan Stanley

Maintains Overweight

Key events next week – healthcare

Noteworthy events during the week of July 14 – 20 for healthcare investors.
SUNDAY (7/14): Alzheimer’s Association International Conference, Los Angeles (5 days). ProMIS Neurosciences (OTCQB:ARFXF): Data on lead candidate PMN310. Cortexyme (NASDAQ:CRTX): Design rationale for Phase 2/3 study of COR388.
MONDAY (7/15): World Diabetes Congress, Rome (3 days). Oramed Pharmaceuticals (NASDAQ:ORMP): Two presentation on oral insulin.
Cytori Therapeutics (NASDAQ:CYTX): Webcast on new strategic direction.

Health Catalyst files for upsized IPO

Health Catalyst (HCAT) has filed a preliminary prospectus for an IPO of 6.9M common shares at $20 – 23 per share, valuing the offering at over $148M at the midpoint.
In June, it filed for a $100M offering.

Redhill upped to Strong Buy from Buy by WBB

Target $17

Healthcare Services Cut to Hold from Buy by Jefferies

Target to $32 from $40

Array cut to Neutral from Overweight by JPMorgan

Target to $48 from $29

MediciNova readies late-stage study of MN-166 in progressive MS

Subsequent to FDA feedback, MediciNova (NASDAQ:MNOV) has finalized the protocol for a Phase 3 clinical trial evaluating MN-166 (ibudilast) in patients with secondary progressive multiple sclerosis (MS) without relapses.
The primary endpoint will be the time to three-month confirmed disability progression as measured by a scale called EDSS, the same endpoint used for other drugs approved for progressive MS.
The agency indicated that one study may be sufficient to support a marketing application.
The size of the study and its projected start date are not provided.