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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for OMER
gulab lala
25 May 15 17:49:15
Tuesday Stocks $GALE $OMER $TWC $KFX $ONTY
Penny Stockington
25 May 15 10:46:16
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $OMER $TACT $ORAN
Stock Dawgzz
25 May 15 10:43:34
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $OMER $TACT $ORAN
StockenheimerSchmidt
25 May 15 10:43:22
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $OMER $TACT $ORAN
Stock Rocket
25 May 15 10:41:41
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbbQwg $OMER $TACT $ORAN
Stockaholics
25 May 15 10:39:03
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $OMER $TACT $ORAN
Daily Contracts
25 May 15 09:06:04
Real-Time feed of company contracts, original agreements and executive updates from $OMER http://t.co/fDeWJlEyw2
Kristina Duering
25 May 15 07:50:18
RT @InvestWithConf: $OMER is rated BUY, 89.9% upside by Wall Street analysts based on average ratings/targets http://t.co/H37j8jPB1q http:/…
Lori Vance
25 May 15 07:38:17
RT @InvestWithConf: $OMER is rated BUY, 89.9% upside by Wall Street analysts based on average ratings/targets http://t.co/H37j8jPB1q http:/…
Daily Contracts
25 May 15 07:18:01
Real-Time feed of company contracts, original agreements and executive updates from $OMER http://t.co/fDeWJlW9nA
StockenheimerSchmidt
25 May 15 02:07:20
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $OMER $TACT $ORAN
Stock Dawgzz
25 May 15 00:18:34
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $OMER $TACT $ORAN
Penny Stockington
25 May 15 00:07:25
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $OMER $TACT $ORAN
StockenheimerSchmidt
24 May 15 22:38:47
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $OMER $TACT $ORAN
StockenheimerSchmidt
24 May 15 19:07:42
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $OMER $TACT $ORAN
tyl
24 May 15 13:36:52
RT @InvestWithConf: $OMER is rated BUY, 89.9% upside by Wall Street analysts based on average ratings/targets http://t.co/H37j8jPB1q http:/…
Stock Dawgzz
24 May 15 10:40:09
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfPSxdM $OMER $TACT $ORAN
Penny Stockington
24 May 15 10:38:58
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVU6RRw $OMER $TACT $ORAN
StockenheimerSchmidt
24 May 15 10:34:54
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $OMER $TACT $ORAN
Stock Rocket
24 May 15 10:33:35
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbbQwg $OMER $TACT $ORAN
Stockaholics
24 May 15 10:28:11
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $OMER $TACT $ORAN
InvestWithConf
24 May 15 08:27:02
$OMER is rated BUY, 89.9% upside by Wall Street analysts based on average ratings/targets http://t.co/H37j8jPB1q http://t.co/zx2D9aO2qv
Stock Dawgzz
24 May 15 01:30:41
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $OMER $TACT $ORAN
Penny Stockington
24 May 15 01:30:06
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $OMER $TACT $ORAN
StockenheimerSchmidt
24 May 15 01:28:39
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $OMER $TACT $ORAN
Stock Rocket
24 May 15 01:26:43
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbbQwg $OMER $TACT $ORAN
Stockaholics
24 May 15 01:25:38
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfZvCq $OMER $TACT $ORAN
tyl
23 May 15 21:08:10
@avidresearch $Omer already has a partner in Europe
Stock Dawgzz
23 May 15 11:17:34
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $OMER $TACT $ORAN
Stock Rocket
23 May 15 10:46:47
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbbQwg $OMER $TACT $ORAN
Kristina Duering
23 May 15 10:09:40
RT @avidresearch: company with niche product in US and EU + healthy pipeline + good managment -> $OMER
Kristina Duering
23 May 15 10:05:01
RT @jeanie93: $omer #omidria Both OMS721-OMS 824 are BLOCKBUSTER Drug Candidates. Their addiction program coupled with GPCR =Huge! https://…
Kristina Duering
23 May 15 10:04:13
RT @belragazzo12: $Omer what a great meeting today Thank you Greg for a great presentation. This company is going to the moon
Penny Stockington
23 May 15 09:41:36
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $OMER $TACT $ORAN
Stockaholics
23 May 15 09:38:17
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $OMER $TACT $ORAN
StockenheimerSchmidt
23 May 15 09:35:03
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $OMER $TACT $ORAN
Stock Dawgzz
23 May 15 07:26:16
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $OMER $TACT $ORAN
StockenheimerSchmidt
23 May 15 07:16:41
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3E8vs2 $OMER $TACT $ORAN
Stockaholics
23 May 15 01:21:08
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $OMER $TACT $ORAN
MAISA
22 May 15 20:15:26
$OMER_$21.20_(EMA's) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion for Omidria®
Stock Dawgzz
22 May 15 18:06:23
$DRNK Has Become One Of The Fastest Moving Penny Stocks In The Past 2 weeks! Big News: http://t.co/vFCVfQa85k $OMER $TACT $ORAN
StockenheimerSchmidt
22 May 15 17:54:22
Our Penny Stock Pick On $TLFX Gained 70% in the past week and a half! Big Things coming: http://t.co/uooe3Eq6QC $OMER $TACT $ORAN
Stock Rocket
22 May 15 17:49:10
Our Stock Alerts Gained Over 1300% In Less Than 3 Months! See Our New Picks: http://t.co/keLIhbbQwg $OMER $TACT $ORAN
Stockaholics
22 May 15 17:47:06
Our Penny Stock Pick On $THCZ Is Up 570.77% For Platinum Members! Big Update: http://t.co/dXhKtfHUdQ $OMER $TACT $ORAN
Penny Stockington
22 May 15 17:14:42
Our Penny Stock Alerts Gained Over 3300% For Subscribers In 7 Months! See Our New Picks: http://t.co/nLJyVUosJ4 $OMER $TACT $ORAN
tyl
22 May 15 17:05:17
$Omer what a great meeting today Thank you Greg for a great presentation. This company is going to the moon
Dr. Quinn
22 May 15 15:24:23
RT @Gupta_Calling: $OMER 04/30 9 million shares short; 24 days to cover. Holy Moly!!!! http://t.co/78QNjmSf5w
Daily Contracts
22 May 15 14:49:03
Real-Time feed of company contracts, original agreements and executive updates from $OMER http://t.co/fDeWJlEyw2
Kristina Duering
22 May 15 14:45:58
RT @Gupta_Calling: $OMER 04/30 9 million shares short; 24 days to cover. Holy Moly!!!! http://t.co/78QNjmSf5w
Edel Gonzalez
22 May 15 13:14:01
$omer http://t.co/DJJ51BKqF5
				
				
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.

Login or Register

LOG IN