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Oncogenex Technologies Inc. (OGXI) [hlAlert]

down 79.79 %

Oncogenex Technologies Inc. (OGXI) rated Buy with price target $3 by Needham

Posted on: Friday,  Jan 22, 2016  8:25 AM ET by Needham

Needham rated Buy Oncogenex Technologies Inc. (NASDAQ: OGXI) on 01/22/2016. Previously Needham rated Buy Oncogenex Technologies Inc. (NASDAQ: OGXI) on 06/18/2012.,
when the stock price was $12.92. Since then, Oncogenex Technologies Inc. has lost 79.80% as of 01/22/2016's recent price of $2.61.
If you would have followed the previous Needham's recommendation on OGXI, you would have lost 79.79% of your investment in 1313 days.

OncoGenex Pharmaceuticals Inc., formerly Sonus Pharmaceuticals, Inc., is a biopharmaceutical company engaged in the development and commercialization of cancer therapies that address treatment resistance in cancer patients. The Company has five product candidates in its pipeline, with each product candidate having a distinct mechanism of action and representing an opportunity for cancer drug development. OncoGenex? product candidates OGX-011, OGX-427 and OGX-225 focus on mechanisms of treatment resistance in cancer patients and are designed to address treatment resistance by blocking the production of specific proteins. Product candidate SN2310 is a camptothecin for the treatment of cancer. Camptothecins are potent anticancer agents that belong to the family of drugs called topoisomerase I inhibitors that bind reversibly to the TOPO-I-DNA complex causing breaks in the DNA strands during replication resulting in cell death.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/22/2016 8:25 AM Buy
0.71 3.00
as of 8/27/2015
1 Week down  -14.14 %
1 Month down  -4.39 %
3 Months up  44.19 %
1 YTD down  -68.70 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/17/2015 8:25 AM Buy
2.94 6.00
3/30/2015 8:25 AM Buy
2.18 7.00
4/29/2014 12:00 AM Buy
3.92 14.00
6/18/2012 8:25 AM Buy
12.92 30.00

(*) Stock Price at the time of the recommendation.
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