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NVUS

Novus Therapeutics

$3.84

-0.34 (-8.13%)

09:29
09/07/18
09/07
09:29
09/07/18
09:29

Novus Therapeutics to postpone offering of common stock

Novus Therapeutics announced that it has elected to postpone the previously announced public offering of its common stock due to market conditions, including valuation sensitivity at the current share price. As of June 30, the company had $19.2M in cash and cash equivalents. Novus believes that its current cash will be sufficient to achieve several key milestones in 2019, including completion of its planned phase 1 clinical trials with OP-02 in healthy adults, children with otitis media with effusion, and adults with acute otitis media.

  • 07

    Sep

NVUS Novus Therapeutics
$3.84

-0.34 (-8.13%)

02/13/18
02/13/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Nine Energy Services (NINE) was initiated with an Outperform at Wells Fargo and Credit Suisse, a Buy at BofA/Merrill and Goldman Sachs, as well as an Overweight at JPMorgan. 2. ADT Inc. (ADT) was initiated with an Overweight at Morgan Stanley, an Outperform at RBC Capital and Imperial Capital, a Buy at BofA/Merrill, Deutsche Bank, Citi, and Goldman Sachs, and a Neutral at Credit Suisse. 3. Americold Realty Trust (COLD) was initiated with an Outperform at RBC Capital, a Buy at SunTrust and BofA/Merrill, as well as a Neutral at JPMorgan. 4. Novus Therapeutics (NVUS) initiated with a Buy at Ascendiant. 5. National Storage (NSA) initiated with a Neutral at Citi. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/12/18
ASCN
02/12/18
INITIATION
Target $7
ASCN
Buy
Novus Therapeutics initiated with a Buy at Ascendiant
Ascendiant initiated Novus Therapeutics with a Buy and $7 price target.

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