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OTIC

Otonomy

$17.63

-0.56 (-3.08%)

07:37
10/04/16
10/04
07:37
10/04/16
07:37

Otonomy 'successfully' completes Phase 2 clinical trial of Otiprio

Otonomy announced the successful completion of a Phase 2 clinical trial that evaluated a single administration of Otiprio for the treatment of pediatric patients with acute otitis media with tympanostomy tubes, or AOMT. The Phase 2 trial was designed to evaluate the safety and tolerability of two dose levels of Otiprio, 6 mg and 12 mg, administered in pediatric patients with AOMT and to determine the most appropriate dose for further development in this indication. The trial demonstrated that both Otiprio doses were well-tolerated, achieved higher and statistically significant clinical cure rates over sham, with the highest clinical cure rate observed in the 12 mg dose group. Additional results from this trial will be presented at the Otonomy Investor and Analyst Day on October 7 and will be presented at an upcoming medical conference.

  • 07

    Oct

OTIC Otonomy
$17.63

-0.56 (-3.08%)

10/09/15
BOFA
10/09/15
UPGRADE
BOFA
Buy
Otonomy upgraded to Buy from Neutral at BofA/Merrill
10/09/15
10/09/15
UPGRADE

On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ABB (ABB) upgraded to Hold from Underperform at Jefferies... Albemarle (ALB) upgraded to Conviction Buy from Buy at Goldman... Annaly Capital (NLY) upgraded to Market Perform from Underperform at FBR Capital... ArcelorMittal (MT) upgraded to Overweight from Neutral at JPMorgan... CSX (CSX) upgraded to Buy from Neutral at Buckingham... Castlight Health (CSLT) upgraded to Overweight from Equal-Weight at First Analysis... Chuy's (CHUY) upgraded to Outperform from Neutral at Wedbush... Eli Lilly (LLY) upgraded to Outperform from Neutral at Credit Suisse... Fibria Celulose (FBR) upgraded to Buy from Neutral at Citi... FireEye (FEYE) upgraded to Hold from Sell at Gabelli... New York REIT (NYRT) upgraded to Outperform from Market Perform at JMP Securities... Norsk Hydro (NHYDY) upgraded to Buy from Neutral at Goldman... Otonomy (OTIC) upgraded to Buy from Neutral at BofA/Merrill... PAREXEL (PRXL) upgraded to Outperform from Neutral at Baird... Parker-Hannifin (PH) upgraded to Neutral from Underweight at JPMorgan... Potlatch (PCH) upgraded to Neutral from Sell at UBS... Rapid7 (RPD) upgraded to Overweight from Equal Weight at Barclays... Wells Fargo (WFC) upgraded to Overweight from Neutral at JPMorgan... Weyerhaeuser (WY) upgraded to Neutral from Sell at UBS... Zurich Insurance (ZURVY) upgraded to Buy from Hold at HSBC.
05/10/16
PIPR
05/10/16
NO CHANGE
Target $42
PIPR
Overweight
Piper reiterates Overweight on Otonomy amid today's selloff
Piper Jaffray analyst Joshua Schimmer reiterates an Overweight rating on Otonomy amid today's post-earnings pullback. The denial of a J-code for Otoprio is not notable since it is not the appropriate code for the product, Schimmer tells investors in a research note. The analyst is confident that Otpirio will qualify for a C-code. Otiprio may have off-label use opportunities for which a J code may apply, but these are off-label, he adds. Schimmer keeps a $42 price target for the shares.
05/26/16
WBTH
05/26/16
INITIATION
Target $29
WBTH
Buy
Otonomy initiated with a Buy at WallachBeth
Target $29.

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NFLX

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Whirlpool

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