Thursday, August 13, 2015 11:09:09 AM
Bernardino observed, “We believe Rexahn will continue to make important advances in its clinical development and pipeline programs in 2H15. We anticipate the achievement of multiple clinical development milestones in 2H15, and with the shares down 20% YTD, we believe RNN shares are an attractive value proposition (enterprise value of $76MM for RNN vs. a mean $328MM for comparable oncology-focused companies).”
“RNN reported a net loss of $3.2MM, or ($0.02)/sh, which was in line with our estimates. As of June 30, 2015, RNN had cash and equivalents of $26.0MM. In our view, Rexahn practices austerity that we believe make its cash sufficient to fund operations through 2H16.”, the analyst added. Less
Sentiment: Hold
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM