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CRBP

Corbus Pharmaceuticals

$7.16

0.065 (0.92%)

11:10
05/14/19
05/14
11:10
05/14/19
11:10

Corbus Pharmaceuticals mentioned cautiously by Seeking Alpha contributor

Seeking Alpha contributor Alpha Exposure said that the firm believes "Corbus bulls mistakenly point to lenabasum's OLE study for diffuse SSc as evidence of efficacy," but they think the mRSS improvement in OLE patients is primarily due to natural disease resolution and from use of concomitant immunomodulating therapies. The firm noted that it is short Corbus with a price target of 22c per share. Reference Link

  • 22

    May

CRBP Corbus Pharmaceuticals
$7.16

0.065 (0.92%)

03/19/19
OPCO
03/19/19
INITIATION
Target $28
OPCO
Outperform
Corbus jumps over 10% after Oppenheimer starts with $28 price target
Shares of Corbus Pharmaceuticals are moving higher after Oppenheimer analyst Leland Gershell initiated coverage of the name with an Outperform rating and $28 price target. The stock in early trading is up 10%, or 69c, to $7.56. The next 12-24 months could be transformational for Corbus, as ongoing late-stage trials of lead oral cannabinoid receptor agonist lenabasum in three "rare, poorly met disorders" of chronic inflammation/fibrosis complete their enrollment and deliver top-line data, Gershell told investors last night in a research note. Results from the 350 patient Resolve-1 trial, expected in mid-2020, could enable lenabasum to address a ~920M market opportunity, contends the analyst. Further, lenabasum has demonstrated positive prior clinical data in dermatomyositis and cystic fibrosis as well, each of which offers $500M to $1B in sales potential, according to Gershell.
04/05/19
JEFF
04/05/19
INITIATION
Target $18
JEFF
Buy
Corbus Pharmaceuticals initiated with a Buy at Jefferies
Jefferies analyst Maury Raycroft initiated Corbus Pharmaceuticals with a Buy rating and $18 price target.
04/05/19
04/05/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Wex (WEX) initiated with a Neutral at Baird. 2. Restaurant Brands (QSR) initiated with an Outperform at Bernstein. 3. Corbus Pharmaceuticals (CRBP) initiated with a Buy at Jefferies. 4. Trex Company (TREX) initiated with a Buy at DA Davidson. 5. Regis (RGS) initiated with a Buy at Loop Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/22/19
JMPS
04/22/19
NO CHANGE
Target $27
JMPS
Outperform
Corbus Phase 3 scleroderma study change a 'surprise move,' says JMP Securities
JMP Securities analyst Liisa Bayko said Corbus Pharmaceuticals' decision to change the endpoint and lower the statistical bar in its ongoing Phase 3 scleroderma study was "a surprise move," albeit one that will appease some investors who were concerned about the Phase 3 endpoint being different than that of Phase 2. However, her enthusiasm is balanced by concerns that this move is taken "at risk," with the FDA having said it will consider the totality of the data for approval. If lenabasum can see results similar to the Phase 2 in this larger, longer study, she believes the drug "should be in good shape for approval" and continues to recommend Corbus shares with an Outperform rating and $27 price target.

TODAY'S FREE FLY STORIES

GM

General Motors

$36.71

0.58 (1.61%)

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FLXS

Flexsteel Industries

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YY

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EAF

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PCG

PG&E

$19.15

0.27 (1.43%)

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PG&E to pay $1B to some CA communities to settle wildfire claims, WSJ says »

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  • 21

    Jun

STOK

Stoke Therapeutics

$0.00

(0.00%)

18:46
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Syndicate
Stoke Therapeutics 7.89M share IPO priced at $18.00 »

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LTXB

LegacyTexas Financial

$39.02

0.11 (0.28%)

18:36
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18:36
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LegacyTexas Financial rating change  »

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  • 26

    Aug

UNP

Union Pacific

$165.49

0.885 (0.54%)

18:24
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Union Pacific CEO: The President is addressing the right topics with China »

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  • 18

    Jul

MYOS

MYOS

$1.40

0.11 (8.53%)

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GM

General Motors

$36.71

0.58 (1.61%)

18:06
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Breaking Periodicals news story on General Motors »

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  • 01

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BXC

BlueLinx

$22.03

0.305 (1.40%)

18:00
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EADSY

Airbus

$0.00

(0.00%)

, BA

Boeing

$374.21

19.31 (5.44%)

17:59
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Periodicals
U.S. expected to be open to ending aircraft subsidy dispute, Reuters says »

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EADSY

Airbus

$0.00

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BA

Boeing

$374.21

19.31 (5.44%)

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  • 09

    Jul

FB

Facebook

$188.46

-0.43 (-0.23%)

17:56
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House Banking chair Waters calls on Facebook to halt Libra, Reuters says »

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  • 10

    Jul

OII

Oceaneering

$18.34

0.7 (3.97%)

, APC

Anadarko

$69.95

0.16 (0.23%)

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APC

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  • 18

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GVA

Granite Construction

$44.64

1.335 (3.08%)

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APC

Anadarko

$69.95

0.16 (0.23%)

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TechnipFMC

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  • 18

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MDT

Medtronic

$97.96

0.65 (0.67%)

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  • 19

    Jun

EAF

GrafTech

$10.95

0.14 (1.30%)

17:20
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APC

Anadarko

$69.95

0.16 (0.23%)

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IMASY

Inmarsat

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DLX

Deluxe

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PFIE

Profire Energy

$1.40

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HPE

HP Enterprise

$14.59

0.29 (2.03%)

, GOOG

Alphabet

$1,104.40

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HPE

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GOOG

Alphabet

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GOOGL

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  • 19

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HPE

HP Enterprise

$14.59

0.29 (2.03%)

17:01
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HP Enterprise to transition into an as a Service company by 2022 »

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  • 25

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MTSI

Macom

$14.40

-0.02 (-0.14%)

16:55
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Breaking Hot Stocks news story on Macom »

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MTSI

Macom

$14.40

-0.02 (-0.14%)

16:53
06/18/19
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Macom to lay off 20% of staff or 250 workers, expects $50M in savings »

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