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Actionable news in PETX: Aratana Therapeutics, Inc.,

Weakness in Aratana Shares An 'Excellent' Entry Point

Aratana Therapeutics Inc PETX 0.74% seems to be firing on all cylinders and the recent weakness in shares represents an attractive buying opportunity, Lake Street Capital Markets’ Carl Byrnes said in a report. He reiterated a Buy rating on the company, with a price target of $15.

Analyst Carl Byrnes expressed optimism regarding Aratana Therapeutics being able to emerge as a leading innovator in the companion animal veterinary medicines market. He added, “We perceive the recent weakness as a major buying opportunity.”

Commercialization On The Horizon

Byrnes mentioned that Aratana Therapeutics appears to be on track to commercializing four NCEs this year:

  • Galliprant: Approved in March - For control of inflammation and pain associated with osteoarthritis
  • Entyce: Approved in May - A breakthrough first-in-class therapeutic for appetite stimulation
  • Nocita: ADUFA approval date of August 28 - Liposomal bupivacaine that provides for long duration post-operative pain management
  • AT-014 - An immune-vaccine for post-operative treatment of osteosarcoma

Galliprant, Entyce and Nocita seem to be well positioned to becoming blockbuster therapies in the companion animal segment, the analyst added.

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Mar 2016Stifel NicolausMaintainsBuy
Feb 2016Credit SuisseInitiates Coverage onOutperform
Jan 2016JefferiesMaintainsBuy

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