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NetworkNewsBreaks – Conatus Pharmaceuticals, Inc. (NASDAQ: CNAT) Receives Reiterated “Buy” Rating at Aegis Capital

Company: Conatus Pharmaceuticals, Inc. (CNAT)
Category: Analyst Alerts

Aegis Capital has reiterated a ‘Buy’ rating and a price target of $11 on shares of Conatus Pharmaceuticals (NASDAQ: CNAT) after the company reported first quarter 2017 financial results. The company reported total revenues of $7.0 million and cash, cash equivalents and marketable securities of $80.5 million at the end of the first quarter. Among other highlights, the analyst noted that the company said Novartis has exercised its exclusive license option for the global development and commercialization of emricasan, which will become effective after Conatus receives a $7 million payment from Novartis. The payment is expected in mid-2017.

For more information, visit www.conatuspharma.com

About Conatus Pharmaceuticals

Conatus is a biotechnology company focused on the development and commercialization of novel medicines to treat liver disease. Conatus is developing its lead compound, emricasan, for the treatment of patients with chronic liver disease. Emricasan is designed to reduce the activity of enzymes that mediate inflammation and apoptosis. Conatus believes that by reducing the activity of these enzymes, emricasan has the potential to interrupt the disease progression across the spectrum of liver disease.

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NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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