Adamis Pharma (ADMP) Gets a Buy Rating from Maxim Group


In a report released today, Jason McCarthy from Maxim Group maintained a Buy rating on Adamis Pharma (ADMP), with a price target of $10. The company’s shares closed yesterday at $2.63.

McCarthy observed:

“Sandoz (Novartis, NVS – NR) announced the US launch of Symjepi 0.30mg for emergency treatments of allergic reactions. Low dose Symjepi (0.15mg) should follow. In our view, a much awaited positive event for Adamis.”

According to TipRanks.com, McCarthy has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.7% and a 30.0% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as SELLAS Life Sciences Group Inc, ContraVir Pharmaceuticals Inc, and Sonoma Pharmaceuticals Inc.

Currently, the analyst consensus on Adamis Pharma is a Strong Buy with an average price target of $6.50, which is a 147.1% upside from current levels. In a report issued on January 2, Raymond James also reiterated a Buy rating on the stock.

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The company has a one-year high of $5.10 and a one-year low of $2.01. Currently, Adamis Pharma has an average volume of 392.1K.

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Adamis Pharmaceuticals Corp. is a biopharmaceutical company which is focused on developing and commercializing products in the therapeutic areas of respiratory disease and allergy.. Its activities include the combination of pharmaceuticals and biotechnology to produce medicines for patients, and physicians.

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