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ATOS

Atossa Genetics

$2.40

0.015 (0.63%)

13:29
08/13/19
08/13
13:29
08/13/19
13:29

Atossa Genetics reports Q2 EPS (80c) vs. ($5.08) a year ago as restated

Steven Quay, Atossa Genetics' President and CEO commented, "During the quarter we were very pleased to have achieved our primary endpoint in our Phase 2 trial of topical Endoxifen to reduce mammographic breast density. We are now focusing our efforts on the oral formulation of Endoxifen and are developing a modified-release oral tablet which is being tested in a Phase 1 study and that we plan to use in a Phase 2 study to reduce MBD. The Phase 2 study is scheduled to start in the fourth quarter and should be completed by mid-2020. We completed the quarter with $17.1M in cash, which will enable us to continue to make clinical progress with our programs."

ATOS Atossa Genetics
$2.40

0.015 (0.63%)

06/27/19
MAXM
06/27/19
DOWNGRADE
MAXM
Hold
Atossa Genetics downgraded to Hold from Buy at Maxim
Maxim analyst Jason McCarthy downgraded Atossa Genetics to Hold from Buy.
06/27/19
MAXM
06/27/19
DOWNGRADE
MAXM
Hold
Maxim downgrades Atossa Genetics to Hold on high endoxifen discontinuations
As previously reported, Maxim analyst Jason McCarthy downgraded Atossa Genetics to Hold from Buy after the company announced results from its Phase 2 study evaluating topical endoxifen in patients with mammographic breast density. Topical endoxifen showed a signal of efficacy and the trial hit its primary endpoint, but an 80% discontinuation rate due to skin rashes and local irritation raises questions and leaves him with doubt about the program, McCarthy tells investors. Based on his questions about the next steps and potential for short-term use, lower dose, or alternate delivery route, McCarthy removed topical endoxifen from his model and removed his prior price target of $9 on Atossa shares.

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