Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Immunovaccine breaking ground, says Mackie, as it rates stock ‘speculative buy’

Thursday, December 7, 2017 12:49
% of readers think this story is Fact. Add your two cents.

Broker Mackie repeated a ‘speculative buy’ stance on Immunovaccine Inc (TSE:IMV) following news that it was advancing its cancer vaccine into a Phase I trial.

The biotech announced an expansion of its ongoing collaboration with UConn Health  – part of Immunovaccine’s DPX-NEO program.

This is assessing the anti-cancer activity of patient specific epitopes (the part of molecule which is the target of an immune response) developed at UConn Health and formulated in Immunovaccine’s proprietary delivery system.

“The potential of neoepitope-based therapies to trigger anti-cancer immune responses tailored to the unique biology of each patient’s disease could be an oncology treatment game-changer,” said Frederic Ors, Immunovaccine’s chief executive today.

Mackie agrees the firm is ‘breaking ground’  and targets C$2.80 for the shares, against a current price of C$2.13 – up over 11% on the day.

DPX-NEO should diversify the group’s pipeline once it enters a Phase I study, says analyst Andre Uddin, who adds there are multiple catalysts ahead for the group.

“IMV has been up 181% YTD and our call has generated a 208% return since we launched coverage,” he notes.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.