ATHERSYS INC (ATHX) rated Buy with price target $6 by Canaccord Adams
Canaccord Adams rated Buy ATHERSYS INC (NASDAQ: ATHX) on 08/01/2008, when the stock price was $2.70. Since
then, ATHERSYS INC has lost 36.67% as of 06/18/2013's recent price of $1.71. If you would have followed this Canaccord Adams's recommendation on ATHX, you would have lost 36.66% of your investment in 1782 days.
Athersys, Inc., is a biopharmaceutical company engaged in the discovery and development of therapeutic products. Through the application of its technologies, the Company has established a pipeline of therapeutic product development programs in multiple disease areas. The Company?s current product development portfolio consists of MultiStem, a patented and stem cell product that the Company is developing as a treatment for multiple disease indications, and that is being evaluated in two ongoing clinical trials. In addition, the Company are developing novel pharmaceuticals to treat indications such as obesity, certain cognitive and attention disorders, narcolepsy or other forms of excessive daytime sleepiness. In December 2008, the Company were granted authorization by the United States Food and Drug Administration (FDA), to initiate a third clinical trial, administering MultiStem for the treatment of ischemic stroke.
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