logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Omeros Corp. Spikes on Stock Upgrade

By  +Follow September 16, 2013 7:36AM
Share:
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)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for OMER
Stockaholics
31 Jan 15 16:43:40
Our Alerts on $IJJP $QLTS $TUNG & $ETBI Gained 160% This Week! Get Our Next Pick: http://t.co/0B0tVy42nW $OMER $TACT $ORAN
Stockaholics
31 Jan 15 08:44:15
Our Penny Stock Picks Gained an overall 160% This Week! New Picks Coming: http://t.co/LayPQuOeI4 $OMER $TACT $ORAN
chris white
31 Jan 15 05:44:18
RT @Chasing__Stars: Stocks Trending Now: http://t.co/TOZZHCVUR3 $PTEL $TAOIF $DOOR $ADIA $BCSD $FOUR $PBOWN $PVMCF $EQUI $OMER $BTGI $WSR…
Chasing Stars
31 Jan 15 02:33:34
Stocks Trending Now: http://t.co/TOZZHCVUR3 $PTEL $TAOIF $DOOR $ADIA $BCSD $FOUR $PBOWN $PVMCF $EQUI $OMER $BTGI $WSRUF ~
Stockaholics
30 Jan 15 20:50:56
Our Penny Stock Picks Gained an overall 160% This Week! New Picks Coming: http://t.co/LayPQuOeI4 $OMER $TACT $ORAN
Conf Call Tran
30 Jan 15 20:40:03
Omeros Corporation just filed a prospectus, suggesting it plans to soon issue some securities $OMER http://t.co/nEicfu8Vdk
Stock Rocket
30 Jan 15 16:37:53
Our Penny Stock Picks Gained an overall 160% This Week! New Picks Coming: http://t.co/vJR8lXzozx $OMER $TACT $ORAN
$Stocknewsalerts
30 Jan 15 12:33:08
$OMER ALERT: New Omeros Corporation SEC Filing From our Stock News Alerts App
Stocks News&Markets
30 Jan 15 12:30:28
$OMER - Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) http://t.co/g9RFKRnvAW
Breaking News Now
30 Jan 15 12:27:03
$OMER: New SEC Filing for OMER: Form 424B5, No. 0001193125-15-027577 http://t.co/lVAYT1Poih http://t.co/fr4jOe3esj
BNK Invest
30 Jan 15 10:14:56
First Week of May 15th Options Trading For Omeros $OMER #stockoptions http://t.co/qS9nniEIG0
Stock Rocket
30 Jan 15 08:23:16
After 140% Gains On Alerts In 4 Days, $ETBI Is Our New Penny Stock Pick! Check It Out: http://t.co/CCkNDZnoyc $OMER $TACT $ORAN
ProVesting
30 Jan 15 07:31:04
$AUO $OMER: Watch 5 Stocks: AU Optronics Corp. (NYSE:AUO), Omeros ...: http://t.co/uDsSEWrkri
Lori Vance
30 Jan 15 06:49:15
RT @TickerReport: Analysts Anticipate Omeros to Post $$0.64 EPS $OMER http://t.co/LvlHUaGGWk
Ticker Report
30 Jan 15 06:26:07
Analysts Anticipate Omeros to Post $$0.64 EPS $OMER http://t.co/LvlHUaGGWk
Sheldon McIntyre
30 Jan 15 05:20:52
Select long ideas. $AKRX $AYI $BX $CMG $MHK $OMER $PCRX $TXN $ZTS
StockNewsWires
30 Jan 15 04:06:02
$MUR $OMER: Irregular Moves: Murphy Oil Corporation (NYSE:MUR), Omeros ...: http://t.co/gPAMX6P8bj
Stockaholics
30 Jan 15 03:12:45
Yesterday's's Mid-Day Penny Stock Pick On $ETBI gained 23.27% for us! Big News: http://t.co/HIV8wkY6AM $OMER $TACT $ORAN
Penny Stock Secret
30 Jan 15 02:15:45
Turn $1000 Into Million Dollars In Less Than a Year! http://t.co/SVqoMlijqL .. $OMER $TACT $ORAN
monestsignalen
30 Jan 15 00:59:02
Bewegende sterke #aandelen vandaag - http://t.co/MZOooZPWcg $OMER $JBLU $VDSI
Mr. Breakout
29 Jan 15 19:29:25
Today's MoMo (Momentum) ►►► http://t.co/fzBYOLm5Bs including $OMER $ADVS $AAPL $JBLU etc...
Clark Joseph Kent
29 Jan 15 18:17:32
% Gainers $GENE $SMLR $LRN $NVCN $HAR $CRMD $SILC $GNCA $HZO $MX $OMER $CSII $CMPR $ACAT $CBLI $HSGX $HGG $AXDX $JST http://t.co/JWIELzzLll
$Stocknewsalerts
29 Jan 15 18:05:39
$OMER ALERT: New Omeros Corporation SEC Filing From our Stock News Alerts App
Insider Alerts
29 Jan 15 18:02:07
$OMER: New Insider Transaction on OMER by Chairman, CEO & President Demopulos Gregory A MD: http://t.co/39IwFL9kqx http://t.co/cC4Jc4dhAI
tyl
29 Jan 15 16:59:54
RT @danwessler: $OMER - Shorts are getting burned off this nice 75 mln raise. $OMER was up +16% on the day. Should continue into tomorrow I…
Dan Wessler
29 Jan 15 16:35:18
$OMER - Shorts are getting burned off this nice 75 mln raise. $OMER was up +16% on the day. Should continue into tomorrow IMHO
12Stocks.com
29 Jan 15 16:03:29
Smallcap #Stocks Performance $LRN $HZO $OMER $CSII $LLEN $ACAT $HGG $PHMD $AXDX $BODY $LYTS $AZPN $EXTR more@ http://t.co/GiravokQod
equities.com
29 Jan 15 15:43:33
Elite Pharmaceuticals Inc. (ELTP) is Top Small-Cap Star for January 29 $UQM $CSII $OMER $cach $ELTP http://t.co/UXXtnvK5Gk
Stock Rocket
29 Jan 15 15:40:18
Today's Mid-Day Penny Stock Pick On $ETBI gained 23.27% for us! Big News: http://t.co/HCG2IUhNyd $OMER $TACT $ORAN
SwingTradeBot
29 Jan 15 15:01:49
Scan results - Crossed Above 50 DMA today: $MLNX $VAR $LRN $AZPN $CBT $RYL $OMER $APD $CYT $CHKP ... http://t.co/IiTkKEH6Kz
tyl
29 Jan 15 13:28:21
RT @jeanie93: @bbolan1 @katyperry Brian, long live $Omer !!!!!!!
12Stocks.com
29 Jan 15 13:01:09
Smallcap #Stocks Performance $LRN $HZO $OMER $LLEN $CSII $ACAT $PHMD $BODY $EXTR $AZPN $ICEL $LYTS more@ http://t.co/GiravokQod
JesseG
29 Jan 15 12:40:44
RT @Maio_Group: Ok folks so there u have it $+16k.Trusted my own research/dd $ENTL $GENE $KATE $QCOM $BABA $RCL $YHOO $CL $OMER $JBLU http:…
Mark
29 Jan 15 12:33:25
Ok folks so there u have it $+16k.Trusted my own research/dd $ENTL $GENE $KATE $QCOM $BABA $RCL $YHOO $CL $OMER $JBLU http://t.co/EZk3jDM0fG
Lori Vance
29 Jan 15 12:13:18
@bbolan1 @katyperry Brian, long live $Omer !!!!!!!
OTP Group
29 Jan 15 11:52:05
http://t.co/xmfWqkn0Sb Bulbaman: $OMER up big today after pricing its offering,: Bulbaman http://t.co/lzwucAAjBk #otCQB #NYSE #Nasdaq
On Time Picks
29 Jan 15 11:52:04
Bulbaman: $OMER up big today after pricing its offering,: Bulbaman http://t.co/toyy3j7yWF
Stock Rocket
29 Jan 15 11:43:43
Our Picks Gained 117% In 3 Days And We Just Released A New Mid-Day Pick On $ETBI! Big News: http://t.co/Ita48Yhgrr $OMER $TACT $ORAN
tyl
29 Jan 15 11:25:54
@francisjavier you are still on time before we go to $40 GO $Omer!!
FRANCIS MARTINEZ
29 Jan 15 11:07:52
$OMER Oh well I missed buying more 30s here we come
Livevol Community
29 Jan 15 11:00:03
Gainers: $LRN+23.80% $HAR+19.04% $OMER+17.72% Losers: $LENS-19.50% $JNUG-16.56% $DSKY-12.31% Stock Movers Report: http://t.co/MImGl2xjD8
Lori Vance
29 Jan 15 10:56:30
RT @ArtSlott: Popping $ISIS $ROSG $OMER
Art
29 Jan 15 10:51:37
Popping $ISIS $ROSG $OMER
Silicon Investor
29 Jan 15 10:48:01
#Omeros $OMER up 13.9% Prices $75 Million Public Offering of Common Stock and Pre-Funded Warrants, message board: http://t.co/egiKzs6rhB
zach
29 Jan 15 09:33:16
data that should've been in '14 and an advance offering to boot...accountability $OMER
OTP Group
29 Jan 15 09:32:03
http://t.co/xmfWqkn0Sb DewDiligence: $OMER sells 3.44M* shares @$20.03 (yesterday’s closin... http://t.co/mgtQ24AP1I #otCQB #NYSE #Nasdaq
On Time Picks
29 Jan 15 09:32:00
DewDiligence: $OMER sells 3.44M* shares @$20.03 (yesterday’s closing price): DewDiligence http://t.co/xplD7pa4rb
Kyle Dennis
29 Jan 15 09:07:05
Today's Pricing $REXR: $16 $OMER: $20.03 $MRTX: $20 $POST: $47.50 $NVCN: $7.19 $LENS: $10 $FLKS: $16 $ENTL: $17 $VRNT: $53.45 $FPRX: $26.25
12Stocks.com
29 Jan 15 08:57:36
Smallcap #Stocks Performance $LRN $HZO $ICEL $CSII $ACAT $HGG $OMER $PHMD $EVRY $ZIOP $LYTS $CRIS $EXTR more@ http://t.co/GiravokQod
tyl
29 Jan 15 08:56:40
RT @lakith_l: LONG $OMER
				
				
By  +Follow September 16, 2013 7:36AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.