In a report released today, Jason McCarthy from Maxim Group maintained a Hold rating on ContraVir Pharmaceuticals Inc (NASDAQ: CTRV). The company’s shares opened today at $1.63, close to its 52-week low of $1.30.
McCarthy commented:
“ContraVir announced that they have selected an optimized formulation of tenofovir exalidex (TXL). With the TXL formulation optimized, the company is set to conduct a dose-ranging study in hepatitis b virus (HBV) patients. This study will yield data on the pharmacokinetic (PK) profile of the new TXL formulation and identify the dose that will be utilized in the Phase 3 registration trials.”
According to TipRanks.com, McCarthy is a 4-star analyst with an average return of 10.4% and a 42.9% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, SELLAS Life Sciences Group Inc, and Sonoma Pharmaceuticals Inc.
ContraVir Pharmaceuticals Inc has an analyst consensus of Hold.
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The company has a one-year high of $6.60 and a one-year low of $1.30. Currently, ContraVir Pharmaceuticals Inc has an average volume of 464.9K.
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ContraVir Pharmaceuticals, Inc. is a biopharmaceutical company, which is focused on the development and commercialization of targeted antiviral therapies with three candidates in the pipeline. The company’s two of antiviral candidates for treating hepatitis B include phase 2a clinical candidate TXL, a novel, potent analog of the antiviral drug tenofovir that has demonstrated the potential for low, once a day dosing compared to viread and decreased systemic exposure, thereby potentially reducing renal and bone side effects; and CRV431, a next generation cyclophilin inhibitor with a structure that increases its potency and selective index against hepatitis B virus. ContraVir Pharmaceuticals was founded on May 15, 2013 and is headquartered in Edison, NJ.
