Peregrine Pharmaceuticals (CDMO) Lowered to Sell at Zacks Investment Research

Peregrine Pharmaceuticals (NASDAQ:CDMO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, December 16th.

According to Zacks, “Peregrine Pharmaceuticals, Inc. is a biopharmaceutical company with a portfolio of innovative product candidates in clinical trials for the treatment of cancer and hepatitis C virus infection. The company is pursuing three separate clinical trials in cancer and HCV infection with its lead product candidate bavituximab and Cotara. Peregrine also has in-house manufacturing capabilities through its wholly owned subsidiary Avid Bioservices, Inc., which provides development and bio-manufacturing services for both Peregrine and outside customers. “

CDMO has been the topic of a number of other research reports. Noble Financial initiated coverage on shares of Peregrine Pharmaceuticals in a research report on Friday, September 29th. They set a “buy” rating and a $10.00 price objective on the stock. ValuEngine cut shares of Peregrine Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, December 1st.

Peregrine Pharmaceuticals (NASDAQ CDMO) traded down $0.17 during mid-day trading on Friday, hitting $3.79. 203,510 shares of the stock were exchanged, compared to its average volume of 164,314. The company has a market cap of $171.36, a PE ratio of -5.41 and a beta of 2.73. Peregrine Pharmaceuticals has a one year low of $1.96 and a one year high of $5.78.

COPYRIGHT VIOLATION NOTICE: This article was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://stocknewstimes.com/2018/01/11/peregrine-pharmaceuticals-pphm-lowered-to-sell-at-zacks-investment-research.html.

Peregrine Pharmaceuticals Company Profile

Avid Bioservices, Inc, formerly Peregrine Pharmaceuticals, Inc, incorporated on September 25, 1996, is a biopharmaceutical company. The Company is engaged in providing contract manufacturing services for third party customers on a fee-for-service basis while also supporting its internal drug development efforts.

Get a free copy of the Zacks research report on Peregrine Pharmaceuticals (CDMO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Peregrine Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peregrine Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply