Titan Pharmaceuticals Inc (TTNP): Zacks They reduced the price target t...

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Titan Pharmaceuticals Inc (TTNP)

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Tuesday, 03/21/2017 2:40:04 PM

Tuesday, March 21, 2017 2:40:04 PM

Zacks

They reduced the price target to $11 a share, but remain pretty bullish on Titan's future prospects.

Revenues were lower than expected due to the substantial upfront work required to develop the distribution systems, reimbursement and training required to commercialize Probuphine. As a result we lower our forward
estimates for Probuphine revenues to reflect the slower pace, which reduces our price target. Overall, expenses were slightly higher than our estimates, predominantly due to greater external research and development expenses for product development programs. Future upward revisions will depend heavily on the success of Braeburn's commercial launch and Titan s achievements of milestones for development projects.

http://s1.q4cdn.com/460208960/files/News/2017/March-21-2017_TTNP_Vandermosten.pdf

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Recent TTNP News

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