SAN FRANCISCO, CA--(Marketwired - Jul 23, 2015) - Vista Partners announced today that it has initiated coverage on Immune Pharmaceuticals Inc. (NASDAQ: IMNP); with a twelve-month price target of $6.00. Ross Silver, Principal Analyst at Vista Partners, stated, "Immune Pharmaceuticals Inc. ('IMNP'), headquartered in New York, is a clinical stage biopharmaceutical company that applies a personalized approach to treatment, developing novel, highly targeted antibody therapeutics to improve the lives of patients with inflammatory diseases and cancer. IMNP's lead product candidate, Bertilimumab, is entering Phase II clinical studies for moderate-to-severe ulcerative colitis and bullous pemphigoid, with future studies planned for Crohn's disease, severe asthma, NASH and atopic dermatitis." Mr. Silver continues, "On July 14, 2015 Celgene Corporation (CELG) and Receptos, Inc. (RCPT) announced the signing of a definitive agreement in which Celgene has agreed to acquire Receptos. Under the terms of the merger agreement, Celgene will pay $232.00 per share in cash, or a total of approximately $7.2B, net of cash acquired. The transaction adds Ozanimod, which has demonstrated several areas of potential advantage over existing oral therapies for the treatment of ulcerative colitis (UC) and relapsing multiple sclerosis (RMS), among others. Having Receptos as a comparison may be beneficial to IMNP as we may now be able to understand from a monetary perspective the value a compound intended to treat UC amongst others is worth."
To download a FREE copy of the Immune Pharmaceuticals Inc. (NASDAQ: IMNP) research report, please visit http://www.vistapglobal.com and click the "Download Research" icon to gain access to the report. Healthcare stocks, such as those included in the iShares Nasdaq Biotechnology (NASDAQ: IBB), may continue to outperform the broader market in the back half of 2015.
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