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AVGR

Avinger

$1.29

-0.01 (-0.77%)

08:09
03/13/18
03/13
08:09
03/13/18
08:09

Avinger announces three additions to U.S. intellectual property portfolio

Avinger announced three recent additions to its U.S. intellectual property portfolio. The U.S. Patent and Trademark Office has issued U.S. Patent No. 9,854,979, titled "Chronic Total Occlusion Crossing Devices with Imaging." In addition, the USPTO has provided an Issue Notification for U.S. Patent Application No. 13/752,325, titled "Catheter System and Method for Boring Through Blocked Vascular Passages," which is expected to issue as U.S. Patent No. 9,918,734 on March 20, 2018 and has provided a Notice of Allowance for certain claims in U.S. Patent Application No. 14/433,786, titled "Occlusion-Crossing Devices." All three of these patents relate to Avinger's portfolio of technologies used for crossing completely blocked arteries, also referred to as chronic total occlusions or CTOs, in both the peripheral and coronary arteries. The Company's Ocelot device is the only image-guided CTO-crossing catheter cleared for sale in the U.S. by the FDA. It demonstrated 97% success in crossing CTOs in peripheral arteries and a 98% freedom from major adverse events in the 100-patient CONNECT II study, which supported the device's FDA clearance in 2012.

  • 19

    Mar

AVGR Avinger
$1.29

-0.01 (-0.77%)

04/11/17
COWN
04/11/17
NO CHANGE
Target $2
COWN
Outperform
Cowen still believes in Avinger despite cutting target to $2
Cowen analyst Joshua Jennings says he remains a believer in the "unique value" of Avinger's proprietary Pantheris atherectomy device. Management has taken "reasonable steps" by cutting the workforce and accelerating the exploration of strategic options, Jennings tells investors in a research note. He cut his price target for the shares to $2 from $12 and keeps an Outperform rating on the name. The stock in midday trading is down 50% to 80c.
04/12/17
OPCO
04/12/17
DOWNGRADE
OPCO
Perform
Avinger downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Steven Lichtman downgraded Avinger to Perform from Outperform after its Q1 sales came in below estimates on lower than expected Pantheris utilization and following the company's announcement that it plans to reduce its workforce by 33%, while pursuing strategic alternatives, including a capital raise from strategic investors, OUS partnerships, or a merger/sale.
04/12/17
04/12/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Sell from Hold at Rafferty Capital with analyst Richard Bove saying he does not expect bank stocks in general to do well for months and he thinks on Wells specifically that its Directors report indicates that the company is in the midst of a multi-year re-structuring process. Bove lowered his 12-month price target range for Wells Fargo shares to $46-$60 from $52-$68. 2. Tractor Supply (TSCO) was downgraded to Equal Weight from Overweight at Stephens and to Neutral from Overweight at JPMorgan. 3. Avinger (AVGR) downgraded to Perform from Outperform at Oppenheimer with analyst Steven Lichtman downgraded Avinger (AVGR) to Perform from Outperform after its Q1 sales came in below estimates on lower than expected Pantheris utilization and following the company's announcement that it plans to reduce its workforce by 33%, while pursuing strategic alternatives, including a capital raise from strategic investors, OUS partnerships, or a merger/sale. 4. Louisiana-Pacific (LPX) downgraded to Neutral from Buy at Buckingham with the firm citing recent share strength that has made risk/reward more balanced. 5. LVMH (LVMUY) downgraded to Hold from Buy at Societe Generale with analyst Thierry Cota citing a lack of upside following the stock's recent rally. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/09/18
LTCO
03/09/18
INITIATION
Target $3.25
LTCO
Buy
Avinger initiated with a Buy at Ladenburg
Ladenburg initiated Avinger with a Buy and $3.25 price target.

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