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Omeros Corp. Spikes on Stock Upgrade

By  +Follow September 16, 2013 7:36AM
Tickers Mentioned:

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
Dakota Financial
6 Oct 15 10:32:11
Omeros Receives Average Recommendation of “Buy” from Brokerages $OMER http://t.co/3YLKhXbDSz
Consumer News
6 Oct 15 10:26:53
Omeros Receives Average Recommendation of “Buy” from Brokerages $OMER http://t.co/tLuHoPhlnp #acn
US Banking News
6 Oct 15 10:24:46
Omeros Receives Average Recommendation of “Buy” from Brokerages $OMER http://t.co/MsjNSUjU54
6 Oct 15 10:23:02
$OMER: Omeros Receives Average Recommendation of “Buy” from …: http://t.co/cWWwlwT6ur
Bill Miller
6 Oct 15 09:14:04
With gen mkt recovery,I think what we're looking for is a double bottoming in $IBB/ $XBI, which is bullish for me $TGTX, $CEMP, $OMER :-)))
6 Oct 15 07:35:38
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/9Vnnw3s1D8 .. $OMER $TACT $ORAN
6 Oct 15 07:00:58
JBEM's latest homerun is CALA.Details here: https://t.co/HZX7dyxPsD $OLLI $OMAB $OMAM $OMCL $OMED $OMER $OMEX $OMI
6 Oct 15 06:58:02
$OMER is rated BUY, 246.4% upside by Wall Street analysts based on average ratings/targets http://t.co/H37j8jy09S http://t.co/dyRtii4CjC
US Banking News
6 Oct 15 06:11:47
Analysts Give Average Rating of Buy to Omeros $OMER http://t.co/LZYYS3i8X2
6 Oct 15 05:57:05
$OMER: Omeros Corporation (NASDAQ:OMER) Analyst Price Target: http://t.co/LAQviTKq0R
5 Oct 15 13:58:18
'JBEM' new pick 'CALA'.Details here: https://t.co/HZX7dyge43 $OHRP $OIIM $OLLI $OMAB $OMED $OMER $ONCY $ONE
5 Oct 15 11:48:44
'JBEM' new pick 'CALA'.Details here: https://t.co/HZX7dyxPsD $OHRP $OLLI $OMAB $OMED $OMER $OMEX $ONCY $OOMA
5 Oct 15 11:29:07
increasing: $MRNA $BXLT $CEMP $OMER $PTCT $MNTA decreasing: $AMT exiting: None
5 Oct 15 11:03:22
'JBEM' new pick 'CALA'.Details here: https://t.co/HZX7dyxPsD $OMER $OMMH $ONBI $ONC.TO
Bryon Franzen
5 Oct 15 10:59:49
RT @nartcr: 'JBEM' releases new pick 'CALA'. Full details here: https://t.co/HZX7dyxPsD $AVEO $IPCI $QKLS $OMER $SPU $ANTH
Bryon Franzen
5 Oct 15 10:59:27
$bulls want to run $omer .... no out bears ...should have covered
5 Oct 15 08:42:30
'JBEM' new pick 'CALA'.Details here: https://t.co/HZX7dyxPsD $OCRX $OCUL $OFIX $OGEN $OGXI $OHRP $OMED $OMER
5 Oct 15 07:45:47
'JBEM' releases new pick 'CALA'. Full details here: https://t.co/HZX7dyxPsD $AVEO $IPCI $QKLS $OMER $SPU $ANTH
Zona Harrison
5 Oct 15 03:13:46
RT @partpoda85: RT @TravisMKnight: @bret_jensen May be time to put some cash to work here.. $BDSI $OMER $CEMP $AKAO $RPRX
5 Oct 15 00:44:02
$OMER: Wall Street analysts bullish on OMER's earnings growth: http://t.co/fJMgQh4zq8 http://t.co/0xsBxWXTO2
4 Oct 15 23:28:38
10.5 Watch List : $AQXP $ARWR $GILD $JUNO $LPCN $OMER $ONCE $SGYP $TGTX $TTPH http://t.co/vkgFUO6oen
Stock Forums
4 Oct 15 21:51:09
WYNN Wynn Resorts Ltd Short Sales http://t.co/zXSYMgmtd2 $WYNN $OMER $ABBV $CAG #WYNN #stocks #tradeideas
4 Oct 15 21:49:33
WWAV WhiteWave Foods Co. 52Wk High http://t.co/hUIJgpoUlj $WWAV $WYNN $COD.L $OMER #WWAV #nasdaq #stock
Rosner Stocks
4 Oct 15 21:49:32
VNQ Vanguard REIT VIPERs P/E Ratio http://t.co/oHom25tzza $VNQ $JJC $OMER $TLT #VNQ #tradeideas #share
Penny Stocks Blog
4 Oct 15 21:48:21
RT @stock_forums: SMH Market Vectors Semiconductor News http://t.co/rp0YZiteD3 $SMH $UDOW $OMER $GDX #SMH #share #pennystocks
4 Oct 15 21:48:06
UUP PowerShares DB US Dollar Index Bullish Fund Exchange http://t.co/Xxsngty3hk $UUP $TROX $OMER $JNK #UUP #tradeideas #tradeideas
4 Oct 15 21:46:34
TBT ProShares UltraShort 20+ Year Treasury Short Sales http://t.co/YzyHBps2cv $TBT $WMIH $QLD $OMER #TBT #invest #invest
Stock Forums
4 Oct 15 21:45:34
SMH Market Vectors Semiconductor News http://t.co/rp0YZiteD3 $SMH $UDOW $OMER $GDX #SMH #share #pennystocks
4 Oct 15 21:45:24
SQM Sociedad Quimica Y Minera Stock Forum http://t.co/3HAU6CnoLM $SQM $OMER $MYEC $GCI #SQM #nasdaq #investing
4 Oct 15 21:44:04
PFE Pfizer, Inc. Prev Close http://t.co/FwX5cjQhse $PFE $IEI $OMER $EMES #PFE #pennystocks #invest
IH News Desk
4 Oct 15 21:44:04
SCO ProShares UltraShort DJ-UBS Crude Oil Stock Message Board http://t.co/gwHaHn2KkG $SCO $AMAT $FL $OMER #SCO #stock #stockmarket
4 Oct 15 21:44:04
PCLN http://t.co/WlvqVM95TV Inc. Ex-Div Date http://t.co/pebGVKeSc7 $PCLN $OMER $YUM $CURE #PCLN #stocks #tradeideas
4 Oct 15 21:43:35
OMER Omeros Corp. Market Cap http://t.co/EjeI8MS0DY $OMER $ORLY $GDX $AA #OMER #nasdaq #investing
4 Oct 15 21:43:34
OMER Omeros Corp. Bid http://t.co/fyWieKeSE6 $OMER $ACHC $ABMD $SQQQ #OMER #investing #stocks
4 Oct 15 21:43:33
OMER Omeros Corp. Open http://t.co/phr18QGRSu $OMER $SPXS $TQQQ $SH #OMER #tradeideas #stock
IH News Desk
4 Oct 15 21:43:33
OMER Omeros Corp. Dividend http://t.co/QnjehQ9YgK $OMER $DAG $FV $FV #OMER #stock #stock
4 Oct 15 21:42:33
OWOO One World Holdings Inc. Last Price http://t.co/wSEPud41Q3 $OWOO $EXR $AMSG $OMER #OWOO #pennystocks #finance
4 Oct 15 21:42:05
OMER Omeros Corp. Ask Size http://t.co/w1l07vSOpC $OMER $FWM $HD $GE #OMER #share #nasdaq
4 Oct 15 21:40:34
JNK SPDR Barclays High Yield Bond ETF Tick http://t.co/01vfKxcEUy $JNK $INTC $TRVN $OMER #JNK #finance #share
4 Oct 15 21:40:33
KMB Kimberly Clark Corp. Volume http://t.co/Dnx3DuSQd5 $KMB $CNX $OMER $KO #KMB #share #stockmarket
Investors Hangout
4 Oct 15 21:40:05
GPRO GoPro, Inc. Financials http://t.co/ncRa1NgK5O $GPRO $F $UNG $OMER #GPRO #finance #stock
4 Oct 15 21:37:34
EQC Equity Commonwealth REIT Chart http://t.co/qMs7guVxDF $EQC $SIEN $OMER $SCO #EQC #stockmarket #share
Stock Forums
4 Oct 15 21:37:33
ERX Direxion Daily Energy Bull 3x Shares Company Info http://t.co/lIkwV7md62 $ERX $CAG $TBEV $OMER #ERX #finance #finance
4 Oct 15 21:34:04
BRCM Broadcom Corp. % Change http://t.co/SaYWBCATk6 $BRCM $OMER $CAH $ATVI #BRCM #tradeideas #stocks
4 Oct 15 21:33:05
AMBA Ambarella, Inc. Day Low http://t.co/wMhXDhBoj8 $AMBA $XLP $OMER $FL #AMBA #nasdaq #share
Lucky Jimmy
4 Oct 15 21:32:10
AMAT Applied Materials, Inc. Yield http://t.co/H37NXa9KvJ $AMAT $AMZN $GOOGL $OMER #AMAT #nasdaq #stockmarket
4 Oct 15 21:32:05
AMBA Ambarella, Inc. Shares http://t.co/tKNMqJLq2K $AMBA $NFLX $CDE $OMER #AMBA #investing #finance
4 Oct 15 21:32:04
AFMD Affimed Therapeutics BV Exchange http://t.co/qOJUxTtl6x $AFMD $OMER $COST $GILD #AFMD #finance #finance
4 Oct 15 21:31:08
ABBV AbbVie Inc. Investor Opinions http://t.co/VkORRPlTQY $ABBV $WMIH $CELG $OMER #ABBV #nasdaq #tradeideas
4 Oct 15 21:31:02
AFMD Affimed Therapeutics BV Change http://t.co/28stgzYSwC $AFMD $BABA $OMER $LEI #AFMD #finance #stocks
By  +Follow September 16, 2013 7:36AM



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