Zacks Investment Research upgraded shares of Fibrocell Science Inc (NASDAQ:FCSC) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.
According to Zacks, “Fibrocell Science, Inc. is an autologous cell and gene therapy company focused on developing first-in-class treatments for rare and serious skin and connective tissue diseases with high unmet medical needs. Fibrocell’s most advanced drug candidate, azficel-T, uses its FDA-approved proprietary autologous fibroblast technology and is in a Phase II clinical trial for the treatment of chronic dysphonia resulting from vocal cord scarring or atrophy. In collaboration with Intrexon Corporation, a leader in synthetic biology, Fibrocell is also developing gene therapies for orphan skin diseases using gene-modified autologous fibroblasts. The Company’s lead orphan gene-therapy drug candidate, FCX-007, is in late stage pre-clinical development for the treatment of recessive dystrophic epidermolysis bullosa. Fibrocell is also in pre-clinical development of FCX-013, its second gene-therapy drug candidate, for the treatment of linear scleroderma. “
Several other research analysts also recently commented on the stock. HC Wainwright reaffirmed a buy rating and issued a $7.60 price target on shares of Fibrocell Science in a research note on Thursday, October 5th. Canaccord Genuity reaffirmed a buy rating and issued a $7.00 price target (up previously from $3.00) on shares of Fibrocell Science in a research note on Monday, September 11th. Finally, ValuEngine downgraded shares of Fibrocell Science from a sell rating to a strong sell rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $5.21.
Fibrocell Science (NASDAQ:FCSC) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.31) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.31).
An institutional investor recently raised its position in Fibrocell Science stock. Parametric Portfolio Associates LLC raised its holdings in shares of Fibrocell Science Inc (NASDAQ:FCSC) by 264.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 48,259 shares of the company’s stock after purchasing an additional 35,000 shares during the period. Parametric Portfolio Associates LLC owned 0.33% of Fibrocell Science worth $194,000 at the end of the most recent reporting period. 54.70% of the stock is owned by institutional investors.
Fibrocell Science Company Profile
Fibrocell Science, Inc is an autologous cell and gene therapy company. The Company is focused on discovering and developing localized therapies for diseases affecting the skin, connective tissue and joints. Its product candidate, azficel-T, is in development to treat patients suffering from vocal cord scarring that is either idiopathic or age-related.
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