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GNMX

Aevi Genomics Medicine

$2.04

-0.12 (-5.56%)

07:32
03/13/18
03/13
07:32
03/13/18
07:32

Aevi Genomics Medicine reports Q4 EPS (13c), consensus (16c)

The Company had cash and cash equivalents of $33.73M at December 31, 2017. The Company expects the current cash balance to fund operations into early 2019.

  • 13

    Mar

GNMX Aevi Genomics Medicine
$2.04

-0.12 (-5.56%)

03/20/17
PIPR
03/20/17
NO CHANGE
Target $7
PIPR
Overweight
Aevi Genomics Medicine price target lowered to $7 from $14 at Piper Jaffray
Piper Jaffray analyst Edward Tenthoff lowered his price target on Aevi Genomics Medicine to $7 from $14 after the company announced that a trial of AEVI-001 in adolescents with ADHD did not meet the primary endpoint of the study. However, the Phase 3 trial showed a numerical improvement on the primary endpoint and a pre-specified sub-group analysis showed 30% or greater ADHD-RS-5 improvement, which he believes shows activity of AEVI-001. The analyst, who expects Aevi to conduct a longer Phase 2 study in younger patients at higher doses, pushed out his expectation for AEVI-001 approval by one year to 2021 and keeps an Overweight rating on the stock.
03/21/17
JEFF
03/21/17
DOWNGRADE
Target $2.5
JEFF
Hold
Aevi Genomics Medicine downgraded to Hold from Buy at Jefferies
Jefferies analyst Matthew Andrews downgraded Aevi Genomics Medicine to Hold after AEVI-001 didn't achieve significance on primary endpoint in ADHD. The analyst sees shares being range-bound and cut his price target for the stock to $2.50 from $10.
10/01/17
PIPR
10/01/17
NO CHANGE
PIPR
Piper Jaffray discontinuing coverage of Aevi Genomics Medicine
Piper Jaffray is discontinuing coverage of Aevi Genomic Medicine due to a realignment of analyst resources.

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