Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers N > Headlines for New River Pharmaceuticals Inc. > News item |
Merrill reiterates New River at buy
New River Pharmaceuticals Inc. was reiterated by Merrill Lynch analyst David Munno at a buy rating after the company announced it filed a New Drug Application with the FDA for NRP104 in pediatric attention deficit hyperactivity disorder. The timing was expected and could trigger a $50 million milestone payment from partner Shire within 60 days. Also, studies were presented that suggest NRP104 has a reduced abuse potential relative to other amphetamine-based drugs for ADHD. The company's second lead drug, Vicodin-derivative NRP290, is in a phase 1 /2 dose-ranging study and could become a multibillion-dollar drug. Shares of the Radford, Va., specialty pharmaceutical company were up 82 cents, or 1.68%, at $49.52 on volume of 114,142 shares versus the three-month running average of 90,307.0 shares.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.