HC Wainwright Reiterates “Buy” Rating for Mateon Therapeutics, Inc. (MATN)
Mateon Therapeutics, Inc. (OTCMKTS:MATN)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a note issued to investors on Wednesday. They currently have a $1.00 price target on the biopharmaceutical company’s stock. HC Wainwright’s price target indicates a potential upside of 334.78% from the company’s previous close.
Separately, Maxim Group restated a “hold” rating on shares of Mateon Therapeutics in a report on Tuesday, August 1st.
Mateon Therapeutics (MATN) opened at $0.23 on Wednesday. Mateon Therapeutics has a 12 month low of $0.16 and a 12 month high of $0.89.
Mateon Therapeutics (OTCMKTS:MATN) last released its quarterly earnings results on Tuesday, November 14th. The biopharmaceutical company reported ($0.13) EPS for the quarter.
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Mateon Therapeutics Company Profile
Mateon Therapeutics, Inc, formerly OXiGENE, Inc, is a biopharmaceutical company. The Company is focused on the development of vascular disrupting agents (VDAs) for the treatment of cancer. The Company is engaged in developing two clinical stage investigational drugs: VDAs-CA4P and OXi4503. Its lead compound is CA4P, which is also known as combretastatin A4-phosphate, fosbretabulin tromethamine, fosbretabulin and ZYBRESTAT.
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