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Omeros Corp. Spikes on Stock Upgrade

By  +Follow September 16, 2013 7:36AM
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Omeros Corp. (OMER) jumped over 60 percent on early trading after Wedbush raised its price target for the stock. The rise constituted Monday's biggest jump for Omeros since October of 2009, and came with especially heavy volume for the small-cap pharma company. With gains reaching over 64 percent, it was a big day for investors in the Seattle-based company that had seen shares bleed off almost 47 percent of their value over the last year.

Wedbush analysts expressed confidence in OMS302, a new drug being developed for use in ophthalmological procedures like cataracts surgeries. With the Food and Drug Administration clamping down on “homebrew” topical solutions used during intraocular lens replacement surgeries, OMS302 appears poised to be the only solution on the market that combines pain relief and pupil dilation.

Wedbush analyst Liana Moussatos was bullish on Omeros, reiterating an outperform rating while raising the price target to $28.

“We recently had a conversation with a high-volume cataract surgeon about the changing regulatory landscape following sterility issues at compound pharmacies. The FDA has indicated that each patient must be given a separate bottle for topical NSAIDs and mydriatic agents. In addition, surgeons are no longer allowed to mix their own homebrews of these agents for use during surgery—a common practice," she said. "The net impact is that the cost of topical NSAIDs and mydriatic agents per cataract procedure is rising—making not only the cost of OMS302 (we estimate ~$250/procedure in the U.S.) to be closer to topical agents, but also making it the only product combining pain relief and mydriasis which complies with these new regulations."

Approval of OMS302 is expected by the middle of next year, and Moussatos has estimated a 90 percent chance the drug gets the final go-ahead. The positive news about the outlook for OMS302 comes on the heels of last week’s news of positive data from phase 1 clinical trials for another Omeros drug, OMS824, an enzyme inhibitor intended for use in patients with Huntington’s disease and schizophrenia.

 

(image ocourtesy of Flickr)

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Results for OMER
Project Arkham
29 Aug 15 17:03:22
$OMER looking for bullish consolidation 15.50 - 15.90 & > 15.90 should push up in a hurry.
Michael James
29 Aug 15 15:35:59
Subscribers Saw A 525% Gain On $GEQU & A SECRET New Pick Is Out! See The Private Info: http://t.co/RzgF9MhDfe $OMER $TACT $ORAN
Paul Henry
29 Aug 15 15:19:29
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFystTVz $OMER $TACT $ORAN
Michael Cook
29 Aug 15 15:12:21
After 3,000% Gains In The Past Year, We Have A Major New Pick Out! Big Update: http://t.co/QTGaTmzV8y $OMER $TACT $ORAN
chartguy89
29 Aug 15 15:01:20
OMER -1.65% Stock Charts $OMER Omeros Corp. (NASDAQ) Last Updated: 08/29/2015 17:01:25 OMER Stock Chart - 1 Mo http://t.co/0d5Qyrkyog
TimeForGrowth
29 Aug 15 14:11:02
$OMER: Wall Street analysts bullish on OMER's earnings growth: http://t.co/fJMgQh4zq8 http://t.co/sNhrOlzpey
Dan
29 Aug 15 10:53:43
RT @Greatstockpix: Watch List Video for August 31st: $FIT $LOOK $SIXD $FORD $FCX $RJET $MPO $STXS $CAPN $OMER http://t.co/rx1H1lgtcK
Great Stockpix
29 Aug 15 10:20:31
Watch List Video for August 31st: $FIT $LOOK $SIXD $FORD $FCX $RJET $MPO $STXS $CAPN $OMER http://t.co/rx1H1lgtcK
Argo
29 Aug 15 09:37:10
Top holdings: $blue $qure $rxdx $omer $tgxsf ($tig)
JB
29 Aug 15 03:26:24
Picked up $OMER LT 50% retrace!!
robostock
28 Aug 15 17:53:35
Guessing 75% game changing EU partner deal with cash and/or takeover before the need for equity offering. $omer They seem ripe to me
Stock Rocket
28 Aug 15 17:03:53
Our Penny Stock Alerts Gained 550% In Less Than 6 Weeks! We Have A HUGE New Pick In The Works: http://t.co/wNx8NkJOZ4 $OMER $TACT $ORAN
Stockaholics
28 Aug 15 16:41:05
Platinum Subscribers Saw Our Stock Picks Gain 4,000% In 10 Months! See Our New Pick: http://t.co/g5i9WatmiT $OMER $TACT $ORAN
Michael James
28 Aug 15 16:38:29
Subscribers Saw A 525% Gain On $GEQU & A SECRET New Pick Is Out! See The Private Info: http://t.co/RzgF9M02nG $OMER $TACT $ORAN
dailystockplays.com
28 Aug 15 16:04:58
NR7-2 http://t.co/xcBtync9eJ $FEZ $NPBC $EZU $ADI $S $SAP $VGK $EWP $RYAM $TGT $NTAP $CIEN $EA $RF $MBLY $VRTX $OMER $TNK
Jason
28 Aug 15 13:51:02
$MGNX $DVAX $TGTX $CEMP $LBIO $TTOO $SRNE $FGEN $OMER $BDSI $CFRX Great close to enter wknd🍻-MGA271/Keytruda&1303/Keytruda starts,this wk.
Paul Henry
28 Aug 15 13:42:40
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFystTVz $OMER $TACT $ORAN
Shark Pack
28 Aug 15 11:53:43
$SRNE $ANTH $AXON $OMER $HZNP $DYAX $RDUS $KITE $ADXS so now when everyone buys at 3pm is it time for a flush?
Jon Vince
28 Aug 15 11:45:23
RT @adamwnsx: still think $OMER looks ready to bounce, one of recent strong runners $AQXP $CLTX $ITEK $EBIO $GEVO $FCX $NQ $ANF
Nyk PT
28 Aug 15 11:26:20
RT @adamwnsx: still think $OMER looks ready to bounce, one of recent strong runners $AQXP $CLTX $ITEK $EBIO $GEVO $FCX $NQ $ANF
Jon Vince
28 Aug 15 11:21:27
#Omeros $OMER getting interesting down here...bouncing off sub$15, which may have been a buy signal. Took a starter
robostock
28 Aug 15 11:06:25
Going to take just one deal transaction to get below $1b caps going up again. $tgtx $omer $cemp etc
robostock
28 Aug 15 11:02:51
@michael_broyan @avidresearch buyer of $omer would just gut the expense structure over 6 months. That the easy part. NPV analysis $35 TO
Shane Blackmon
28 Aug 15 10:42:20
Well that was one amazing gap fill in $OMER. And they didn't even raise cash yet
Chadbourne Rolle
28 Aug 15 10:37:05
http://t.co/qsCUyi0jSd Verified $200.48 profit in $OMER Bulk Import
i_like_bb_stock
28 Aug 15 09:43:44
$OMER upping when this bounces its going to be mega imo
Project Arkham
28 Aug 15 09:12:30
$OMER out 15.50. Will keep on watch.
A Tall Texan
28 Aug 15 09:05:24
@adamwnsx $OMER Yes, may need to go under 15. Still watching
i_like_bb_stock
28 Aug 15 08:50:11
$OMER come you POS bounce this is stupid
A Tall Texan
28 Aug 15 08:37:44
@adamwnsx $OMER Where do you think this one bottoms ?
A Tall Texan
28 Aug 15 08:17:04
$OMER Watching but not in, as still drifting lower.
Lori V
28 Aug 15 08:15:56
RT @adamwnsx: still think $OMER looks ready to bounce, one of recent strong runners $AQXP $CLTX $ITEK $EBIO $GEVO $FCX $NQ $ANF
Lori V
28 Aug 15 08:15:02
RT @avidresearch: $OMER is acquisition candidate IMO
AdamSam
28 Aug 15 07:55:17
still think $OMER looks ready to bounce, one of recent strong runners $AQXP $CLTX $ITEK $EBIO $GEVO $FCX $NQ $ANF
Stock Dawgzz
28 Aug 15 07:40:11
Our Platinum Members Saw Stock Picks Gin Over 550% In 5 Weeks! See Our Exclusive New Pick: http://t.co/V9CRygFGCi $OMER $TACT $ORAN
StockenheimerSchmidt
28 Aug 15 07:36:59
Our Penny Stock Picks Have Been Seeing MASSIVE gains! We Have A Big New Pick Coming: http://t.co/kfHwjHRiGg $OMER $TACT $ORAN
Penny Stockington
28 Aug 15 07:31:49
Our Stock Alert On $GEQU Nearly QUADRUPLED In 2 Weeks! Special Update: http://t.co/EYbtsRpShV $OMER $TACT $ORAN
AdamSam
28 Aug 15 07:06:11
$OMER starting to bounce
DayTraderChoice
28 Aug 15 07:05:57
i_like_bb_stock: $OMER red to green http://t.co/RSs8sia2m5
DayTraderChoice
28 Aug 15 07:05:55
i_like_bb_stock: $OMER nice bottoming action here on the daily http://t.co/7Rd2x3VWV8
HotStockAlert
28 Aug 15 07:05:45
i_like_bb_stock: $OMER red to green http://t.co/x9DuWxbmNX
HotStockAlert
28 Aug 15 07:05:44
i_like_bb_stock: $OMER nice bottoming action here on the daily http://t.co/NK63rsGaT3
i_like_bb_stock
28 Aug 15 07:00:16
$OMER red to green
Project Arkham
28 Aug 15 06:56:36
$OMER long 15.75
Argo
28 Aug 15 06:54:45
$omer went green. Amazing, After 8 days red
i_like_bb_stock
28 Aug 15 06:52:43
$OMER nice bottoming action here on the daily
leahanne
28 Aug 15 06:51:07
XLU Utilities Select Sector SPDR Change http://t.co/DIgQFPPghx $XLU $QRVO $OMER $BIDU #XLU #stocks #tradeideas
danrocks
28 Aug 15 06:50:09
UPS United Parcel Service, Inc. Filings http://t.co/xc6ZqpRPDk $UPS $OMER $NBD.TO $NUGT #UPS #stockmarket #finance
Investors Hangout
28 Aug 15 06:47:36
UA Under Armour, Inc. Bid http://t.co/asTWNOQWXA $UA $OMER $IHSI $YNDX #UA #invest #stock
Stock_Tracker
28 Aug 15 06:46:10
SGYP Synergy Pharmaceuticals, Inc. Quotes http://t.co/vBVXJp0V5M $SGYP $CDW $SPLK $OMER #SGYP #invest #stock
				
				
By  +Follow September 16, 2013 7:36AM
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