In a report released today, Mark Breidenbach from Oppenheimer maintained a Buy rating on Biolinerx (BLRX). The company’s shares opened today at $0.44, close to its 52-week low of $0.38.
According to TipRanks.com, Breidenbach is a 3-star analyst with an average return of 1.3% and a 43.6% success rate. Breidenbach covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics Inc, Alpine Immune Sciences Inc, and Global Blood Therapeutics.
Biolinerx has an analyst consensus of Hold.
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Based on Biolinerx’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $6.32 million. In comparison, last year the company had a GAAP net loss of $7.57 million.
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BioLineRx Ltd. is a clinical-stage biopharmaceutical company, which includes indentifying, in-licensing, and developing therapeutic candidates. Its in-licenses novel compounds, primarily from academic institutions and biotech companies based in Israel, and develops them through pre-clinical and clinical stages, and then partners with pharmaceutical companies clinical development and commercialization. The company was founded in April 2003 and is headquartered in Modi’in, Israel.
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