Opko Health Inc. (NASDAQ:OPK) announces the appointment of Benjamin D. Solomon, M.D. as Managing Director of GeneDx, effective as of October 3, 2016. GeneDx, part of OPKO’s BioReference Laboratories subsidiary, specializes in genetic testing for rare hereditary disorders.
Dr. Solomon is a pediatric geneticist who focuses on the use of genetics and genomics to identify, understand and care for patients with both rare and common genetic conditions. He is a leader in integrating cutting-edge technologies to better manage health and disease. He most recently served as Chief of the Division of Medical Genomics at the Inova Translational Medicine Institute, a clinical research institute dedicated to putting genomic medicine into action.
“We are very proud to have Dr. Solomon join the OPKO Health team as the new leader of our GeneDx division, a world-class genomics laboratory. A recognized leader in his field, Dr. Solomon’s expertise in genomics and genetics will be of great value as we continue to leverage leading technologies to build and expand GeneDx’s global role in diagnostic and laboratory services. His passion for finding answers for patients and clinicians and his talent and experience in the integration of genomics into the practice of medicine will enhance the numerous and diverse communities in the U.S. and worldwide that benefit from the outstanding diagnostic services our laboratories offer,” said Gregory S. Henderson, M.D., Ph.D., President ofBioReference Laboratories.
In addition to his clinical and research leadership and advocacy, Dr. Solomon has published more than 100 peer-reviewed articles and book chapters, is co-editor of the most recent edition of the textbook Human Malformations, and is an active lecturer and educator. Dr. Solomon attended medical school at the Geisel School of Medicine at Dartmouth College and completed his residency and fellowship training in pediatric medicine and clinical genetics at the National Human Genome Research Institute at the National Institutes of Health and at Children’s National Medical Center. He is board-certified in clinical genetics and pediatrics. (Original Source)
Shares of Opko Health closed yesterday at $11.06, down $0.03 or -0.27%. OPK has a 1-year high of $11.20 and a 1-year low of $8.71. The stock’s 50-day moving average is $9.87 and its 200-day moving average is $10.10.
On the ratings front, OPK has been the subject of a number of recent research reports. In a report issued on August 16, Jefferies analyst Brandon Couillard reiterated a Hold rating on OPK. Separately, on August 9, J.P. Morgan’s Dana Flanders reiterated a Buy rating on the stock and has a price target of $14.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brandon Couillard and Dana Flanders have a total average return of 14% and 3% respectively. Couillard has a success rate of 70% and is ranked #160 out of 4183 analysts, while Flanders has a success rate of 50% and is ranked #2265.
OPKO Health, Inc. is a multi-national pharmaceutical and diagnostics company. The company is engaged in discovering, developing, commercializing and expertise its novel and proprietary technologies with a focus to provide unmet medical needs through a range of develops solutions to diagnose, treat and prevent various conditions, including molecular diagnostics, point-of-care tests and proprietary pharmaceuticals and vaccines. It operates its business through two segments: Pharmaceutical and Diagnostics. The Pharmaceutical segment consists of pharmaceutical research and development operations in Chile, Mexico, Ireland, Israel and Spain. The Diagnostics segment consists of pathology operations and point-of-care and molecular diagnostics operations.