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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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$OMER: Omeros Corp (OMER) Files Form 4 Insider Selling : Marcia S …: https://t.co/oZFYXbKsoX
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$MGNX $TGTX $DVAX $LBIO $TTOO $CEMP $OMER $RLYP $BLCM $MSTX Hope everyone has a wonderful Thanksgiving! Great way to go into the holiday.
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25 Nov 15 09:30:34
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$OMER Volume
Alexander Morris
25 Nov 15 09:28:46
$OMER: At 1MoHIGH=15.07, hits:1, Rng:25%, ch:+2.8%, 5NewHi, 9:3Accel+, allTFs+, medFlt:34M, HiPctSht[33%:26d], DyVol:134T:0.8x:0.3x
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Company Shares of Omeros Corporation $OMER Rally 1.23%
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Company Shares of Omeros Corporation $OMER Rally 2.02%
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25 Nov 15 00:22:16
$OMER: Omeros Receives $46.00 Average PT from Analysts (NASDAQ:OMER): https://t.co/Q6sDpL1xUu
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24 Nov 15 12:03:27
Recent Research Analysts’ Ratings Changes for Omeros $OMER https://t.co/epXQPCcTVi #acn
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24 Nov 15 11:53:06
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24 Nov 15 10:20:35
Omeros Trading 6.3% Higher $OMER https://t.co/WynzMTE22o
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Omeros Trading 6.3% Higher $OMER https://t.co/1xHPo5eGGL
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24 Nov 15 10:14:26
Omeros Trading 6.3% Higher $OMER https://t.co/NU0LHOybBf
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Amanda Brickman
24 Nov 15 05:38:45
RT @ckz8780: Pardon me $omer but would you mind telling me, who is your daddy?
23 Nov 15 23:44:17
OMER 14.61 Omeros Corp Stock Charts $OMER Last Updated: 11/23/15 Last price: 14.61 Total volume: 404,804 OMER https://t.co/6ot8iYxEF1
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23 Nov 15 23:09:41
Omeros Upgraded by Zacks Investment Research to “Hold” $OMER https://t.co/lYExy6ZW1l
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23 Nov 15 23:01:13
$OMER: Omeros Upgraded by Zacks Investment Research to “Hold” (OMER): https://t.co/cuWElojdo3
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OMER Year to date has changed -41.04% percent. +11.02% in the last 30 days. $OMER Omeros Corp Full breakdown L https://t.co/LsFEE34awL
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23 Nov 15 18:57:26
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23 Nov 15 18:52:32
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23 Nov 15 15:56:43
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23 Nov 15 15:49:30
Omeros Shares Up 6.3% $OMER https://t.co/HceKNJSMLE
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$JBLU Company Info Updated Monday, November 23, 2015 5:06:49 PM $SHLM $OMER $FB $GEQU https://t.co/BKKkRGiiLz
By  +Follow September 16, 2013 7:36AM



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