Aegis Capital has reiterated a ‘Buy’ rating and a price target of $11 on Conatus Pharmaceuticals, Inc. (NASDAQ: CNAT) following the company’s recent presentation at the 2017 European Association for the Study of the Liver (EASL). The company presented two posters supporting further development of emricasan, showing that a reduction in MELD scores lowers risk of liver transplantation or death compared to patients with stable or increased MELD scores. The analyst noted that the posters signify that the continued development of emricasan is warranted.
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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