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Omeros Corp. Spikes on Stock Upgrade

By  +Follow September 16, 2013 7:36AM
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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
FRANCIS MARTINEZ
30 Jun 15 23:39:27
RT @dougheuringaria: Wedbush June and 2015 Catalysts for Emerging Pharmaceuticals $XOMA $OMER $SGMO $ICPT http://t.co/wACvtahYWb
Penny Stock Secret
30 Jun 15 21:36:32
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Stockaholics
30 Jun 15 15:53:38
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $OMER $TACT $ORAN
Penny Stockington
30 Jun 15 15:18:36
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $OMER $TACT $ORAN
StockenheimerSchmidt
30 Jun 15 15:14:35
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Stock Rocket
30 Jun 15 15:03:56
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Stock Dawgzz
30 Jun 15 14:53:59
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Stockaholics
30 Jun 15 12:52:19
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $OMER $TACT $ORAN
StockenheimerSchmidt
30 Jun 15 12:21:04
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Penny Stockington
30 Jun 15 12:06:35
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $OMER $TACT $ORAN
Stock Rocket
30 Jun 15 11:58:48
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHjK0l $OMER $TACT $ORAN
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30 Jun 15 11:55:24
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $OMER $TACT $ORAN
Brandon Hawkins
30 Jun 15 10:10:45
$OMER and $QURE. Get with the biotech party. You're not Greece here!
Investors Analytics
30 Jun 15 09:30:04
We have $OMER going up with 87% confidence! http://t.co/a6lZ63g7Y1 #investing http://t.co/aSK4fClGZI
Stockaholics
30 Jun 15 09:24:12
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $OMER $TACT $ORAN
StockenheimerSchmidt
30 Jun 15 08:54:41
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Penny Stockington
30 Jun 15 08:38:07
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Stock Dawgzz
30 Jun 15 08:29:35
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Sarcasm Bot
30 Jun 15 08:25:43
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Vincent
30 Jun 15 07:36:11
nearly touching the weekly lower-bband @ 17.48 $OMER -support
BigGains26
30 Jun 15 07:29:03
Sold $OMER @ $17.71 for a $660 loss. Disheartening because I have been keeping my losses very small lately.
Mr. Spacely
30 Jun 15 07:25:37
Bought more $OMER $17.65
Mr. Spacely
30 Jun 15 07:14:15
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Penny Stock Secret
30 Jun 15 06:14:35
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Penny Stocks Blog
30 Jun 15 03:46:05
RT @stock_forums: OMER Omeros Corp. E.P.S. http://t.co/E8rnt7a2i8 $OMER $ERY $PM $COP #OMER #pennystocks #finance
Stock Forums
30 Jun 15 03:44:14
OMER Omeros Corp. E.P.S. http://t.co/E8rnt7a2i8 $OMER $ERY $PM $COP #OMER #pennystocks #finance
PolgarStocks
30 Jun 15 03:39:12
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IH NASDAQ OMX
30 Jun 15 03:32:36
ASHR db X-Trackers Harvest CSI 300 China A-Shares Fund Message Board Posts http://t.co/nY12cNPtUn $ASHR $FV $OMER $C #ASHR #nasdaq…
charles
30 Jun 15 02:13:54
$OMER this much turding or downtrend is not acceptable for any good #biotech stock.
Stock Dawgzz
30 Jun 15 01:17:25
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1y8KaK $OMER $TACT $ORAN
Stock Rocket
30 Jun 15 01:12:38
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHjK0l $OMER $TACT $ORAN
Paul Henry
30 Jun 15 00:58:55
Our Penny Stock Picks Have Gained 3,600% In 9 Months! Subscribe To Get Our Future Picks: http://t.co/0VyTzPR97b $OMER $TACT $ORAN
Michael Cook
30 Jun 15 00:57:13
$MJMJ Is Quickly Becoming One Of The Fastest Moving Marijuana Stocks! Big News: http://t.co/OURJ8FEyqq $OMER $TACT $ORAN
Michael James
30 Jun 15 00:56:06
We have a MASSIVE New Penny Stock Pick, Coming This Week! Get It Early: http://t.co/NH4n77GxeB $OMER $TACT $ORAN
Stockaholics
29 Jun 15 19:57:25
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeWEGo $OMER $TACT $ORAN
StockenheimerSchmidt
29 Jun 15 19:15:46
Our Stock Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $OMER $TACT $OR
Stock Dawgzz
29 Jun 15 19:08:48
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $OMER $TACT $ORAN
Stockaholics
29 Jun 15 17:02:35
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeWEGo $OMER $TACT $ORAN
Penny Stockington
29 Jun 15 17:01:22
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $OMER $TACT $ORAN
Stock Rocket
29 Jun 15 16:52:38
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHBloV $OMER $TACT $ORAN
StockenheimerSchmidt
29 Jun 15 16:15:16
Our Stock Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $OMER $TACT $OR
Stock Dawgzz
29 Jun 15 16:10:28
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1y8KaK $OMER $TACT $ORAN
Diggler Williams
29 Jun 15 16:08:26
PT for $OMER lower but mkt cap tgt remains unchanged. Sitting on 24.98
Keith Stocks
29 Jun 15 14:45:31
Stopped out of $omer today.. Another train wreck trade.. Got a job offer though so I feel better about it
Stockaholics
29 Jun 15 14:08:00
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $OMER $TACT $ORAN
Stock Rocket
29 Jun 15 14:03:41
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHBloV $OMER $TACT $ORAN
Penny Stockington
29 Jun 15 14:03:35
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $OMER $TACT $ORAN
charles
29 Jun 15 13:31:52
$juno nice pr to help longs on a day like this. Piece of shit like $omer or $rprx not being run well!
Stock Dawgzz
29 Jun 15 13:15:45
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $OMER $TACT $ORAN
				
				
By  +Follow September 16, 2013 7:36AM
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