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.


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
DailyStockPicks
19 Dec 14 00:08:49
$ECIG 400% upside buyout target of $0.50. $200M revenue expected in 2015 $XLP $OMER $BVN traders read: http://t.co/xi3978GuDs
Alp Bugra Basat M.D.
18 Dec 14 21:20:46
RT @redacre: 7 AM tomorrow CHMP opinion here: http://t.co/wqPHo7yrc4 $OREX $OMER
Bio Stocks™
18 Dec 14 20:56:34
RT @redacre: 7 AM tomorrow CHMP opinion here: http://t.co/wqPHo7yrc4 $OREX $OMER
Cory Renauer
18 Dec 14 20:32:07
RT @redacre: 7 AM tomorrow CHMP opinion here: http://t.co/wqPHo7yrc4 $OREX $OMER
Healey
18 Dec 14 20:05:09
RT @redacre: 7 AM tomorrow CHMP opinion here: http://t.co/wqPHo7yrc4 $OREX $OMER
Red Acre Investments
18 Dec 14 19:53:09
7 AM tomorrow CHMP opinion here: http://t.co/wqPHo7yrc4 $OREX $OMER
Stockaholics
18 Dec 14 11:34:40
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Don Fishback
18 Dec 14 04:30:56
Academic Algorithms:(Volatility of Volatility) $INFI, $OMER, $WIX, $LVLT, $CVLT http://t.co/He9y1OK6yh
OptionApps
18 Dec 14 04:30:56
Academic Algorithms:(Volatility of Volatility) $INFI, $OMER, $WIX, $LVLT, $CVLT http://t.co/AcJr2CPCjv
Stockaholics
18 Dec 14 00:44:54
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Stockaholics
17 Dec 14 13:22:43
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
DailyStockPicks
17 Dec 14 11:44:44
$ECIG buyout target of $0.50. 400% upside. Positive EBITDA and $200MM revenue in 2015 $XLP $OMER $BVN traders read: http://t.co/xi3978GuDs
Penny Stock Secret
17 Dec 14 06:07:30
The Stock Picking Service of 2014 More Info Here http://t.co/SVqoMlijqL ... $OMER $TACT $ORAN
Don Fishback
17 Dec 14 04:31:01
Academic Algorithms:(Volatility of Volatility) $INFI, $PCYC, $OMER, $WIX, $LVLT http://t.co/hERo031sMW
OptionApps
17 Dec 14 04:31:00
Academic Algorithms:(Volatility of Volatility) $INFI, $PCYC, $OMER, $WIX, $LVLT http://t.co/ziGnSTpXH3
Stockaholics
17 Dec 14 01:22:03
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
BioBounce.com
16 Dec 14 18:19:48
@BioBreakout as I recall you cranked big gains off $OMER off that indicator.
Spontonic
16 Dec 14 14:22:51
$OMER no mention of 405 during prep'd remarks, last CC? http://t.co/tc6wdngHMg Instead, addiction comments were PDE7 related. Buried?
Daily Contracts
16 Dec 14 12:35:01
Real-Time feed of company contracts, original agreements and executive updates from Omeros Corp. $OMER http://t.co/fDeWJmvlUe
Jack
16 Dec 14 09:06:26
Don't think my 21.7 stop order to short $OMER is going to get filled. Went ahead and shorted at 21.4 with room to add if it rises.
Stockaholics
16 Dec 14 02:52:34
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Stockaholics
15 Dec 14 22:46:44
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Jack
15 Dec 14 18:21:29
Short ideas for tomorrow: $AUXL, $SHLD, $OMER, $ISLD http://t.co/FxkfmSjHmk
Stockaholics
15 Dec 14 16:47:06
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
1Guille1Trader
15 Dec 14 12:04:01
$OMER I told you so
Stockaholics
15 Dec 14 10:45:01
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Penny Stock Secret
15 Dec 14 04:16:43
The Stock Picking Service of 2014 More Info Here http://t.co/SVqoMlijqL .. $OMER $TACT $ORAN
Stockaholics
14 Dec 14 18:14:10
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/BuDJZVQmcq $OMER $TACT $ORAN
Stockaholics
14 Dec 14 12:15:15
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Stockaholics
14 Dec 14 02:55:00
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Stockaholics
13 Dec 14 22:40:29
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Stockaholics
12 Dec 14 15:41:31
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Penny Stock Secret
12 Dec 14 03:36:46
Yesterday We Made $89,000 In Just One Trade More Info Here http://t.co/SVqoMlijqL .. $OMER $TACT $ORAN
Stockaholics
12 Dec 14 02:32:17
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
TickerChirp
11 Dec 14 18:18:11
The Top Tweets Related to $OMER (Omeros Corp symbol OMER) on 12/12/2014 http://t.co/gUCulhSjuh
Stockaholics
11 Dec 14 13:58:37
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Stockaholics
11 Dec 14 08:47:53
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
Penny Stock Secret
11 Dec 14 05:39:57
This Guy Is Making Millions! Watch This Video Proof Here At http://t.co/SVqoMlijqL .. $OMER $TACT $ORAN
Stockaholics
11 Dec 14 00:18:31
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OMER $TACT $ORAN
				
				
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.