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GLYC

GlycoMimetics

$4.39 /

+0.07 (+1.62%)

, PFE

Pfizer

$37.96 /

+0.14 (+0.37%)

11:48
02/11/20
02/11
11:48
02/11/20
11:48

GlycoMimetics termination notice from Pfizer no surprise, says Roth Capital

Roth Capital analyst Zegbeh Jallah says that with the Phase 3 study not meeting its primary endpoint, Pfizer's (PFE) termination notice comes as no surprise to GlycoMimetics (GLYC) investors. Further, Jallah notes that rivipansel was not included into her model. However, with the returning of all rights to Glycomimetics, this does create some possibilities, the analyst writes in a research note. She continues to believe in rivipansel's efficacy, and suspects that "multiple confounding factors" may have contributed to the lack of efficacy in the endpoint of choice. It remains anyone's guess whether GlycoMimetics would independently move forward with Rivipansel in sickle cell disease, however, writes Jallah. She sees a minimal impact from Pfizer's termination and keeps a Buy rating on GlycoMimetics with a $4.30 price target.

GLYC

GlycoMimetics

$4.39 /

+0.07 (+1.62%)

PFE

Pfizer

$37.96 /

+0.14 (+0.37%)

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GLYC GlycoMimetics
$4.39 /

+0.07 (+1.62%)

12/10/19 Roth Capital
GlycoMimetics' uproleselan presentation 'very exciting,' says Roth Capital
11/21/19 Roth Capital
GlycoMimetics price target lowered to $9 from $12 at Roth Capital
11/21/19 Stifel
GlycoMimetics' delayed Phase 3 timeline doesn't impact LT thesis, says Stifel
11/14/19
Fly Intel: Top five analyst initiations
PFE Pfizer
$37.96 /

+0.14 (+0.37%)

02/06/20 Mizuho
Pfizer initiated with a Buy, $42 price target at Mizuho
02/05/20 Mizuho
Pfizer initiated with a Buy at Mizuho
01/29/20 Cantor Fitzgerald
Pfizer growth prospect concerns overblown, says Cantor Fitzgerald
01/14/20 Ladenburg
Axsome Therapeutics price target raised to $165 from $139 at Ladenburg

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