Aegis Capital has issued a ‘Buy’ rating and price target of $33 on shares of Heron Therapeutics, Inc.’s (NASDAQ: HRTX) stock. The biotech company most recently announced the inclusion of SUSTOL® as part of the National Comprehensive Cancer Network (NCCN) Clinical Practice Guidelines in Oncology for Antiemesis Version 1.2017. FDA-approved SUSTOL was given the highest recommendation of evidence and consensus for use preventing acute and delayed chemotherapy-induced nausea and vomiting in patients receiving HEC or MEC regimens.
“The NCCN is an alliance of 27 leading cancer centers in the US, and this recommendation reaffirms our belief that Sustol extended-released will be the agent of choice for doctors. We believe this recommendation will drive adoption and uptake of Sustol and ultimately increase the likelihood of upside to our estimates,” Aegis analyst Jason Wittes said in a note. Heron recently reported SUSTOL net product sales of $1.3 million for the quarter and year ended December 31, 2016.
For more information visit www.herontx.com
About Heron Therapeutics, Inc.
Heron Therapeutics, Inc. is a commercial-stage biotechnology company focused on improving the lives of patients by developing best-in-class medicines that address major unmet medical needs. Heron is developing novel, patient-focused solutions that apply its innovative science and technologies to already-approved pharmacological agents for patients suffering from cancer or pain.
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