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down 99.77 %

ASPENBIO PHARMA INC (APPY) rated Buy with price target $13 by Canaccord Adams

Posted on: Wednesday,  Jan 30, 2008  11:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy ASPENBIO PHARMA INC (NASDAQ: APPY) on 01/30/2008, when the stock price was $178.80. Since
then, ASPENBIO PHARMA INC has lost 99.78% as of 09/10/2015's recent price of $0.40.
If you would have followed this Canaccord Adams's recommendation on APPY, you would have lost 99.77% of your investment in 2780 days.

AspenBio Pharma, Inc. (AspenBio) is a biotechnology company engaged in the discovery, development, manufacture, and licensing or marketing of products. The Company is primarily focused on advancing towards commercialization its blood-based human diagnostic test, AppyScore to aid in the diagnosis of human appendicitis and several reproduction drugs for use in high value animals. AppyScore is a blood-based test to the aid in diagnosis of appendicitis. AppyScore measures the abundance of MRP 8/14, an inflammation biomarker, which AspenBio has identified to be elevated in acute appendicitis and demonstrates a correlation to the severity of the disease. In December 2008, the Company completed an 800 patient pivotal clinical trial for AppyScore. Products in its pipeline consist of product candidates in various stages of clinical and pre-clinical development.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/30/2008 11:25 AM Buy
178.80 390.00
as of 12/24/2008
1 Week down  -3.52 %
1 Month down  -1.20 %
3 Months up  6.49 %
1 YTD down  -73.41 %

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