Biotech Research News: H.C. Wainwright & Co. Initiates Coverage of GenSpera (OTCQB:GNSZ) with a Buy Rating
New York, NY - December 17, 2014 (Investorideas.com Biotech Newswire) Market Exclusive announces that H.C. Wainwright & Co has initiated coverage with a Buy rating of GenSpera, Inc. (OTCQB:GNSZ) and a 12-month target price of $2.
According to the H.C Wainwrights & Co. report, "if successful, Genspera's platform could help provide a novel way to deliver drugs with higher efficiency to specific hard-to-treat cancers, such as HCC and GBM."
GenSpera, Inc., headquartered in San Antonio, Texas, is a biotechnology company specializing in the development of targeted prodrug agents for the treatment of various solid cancers.
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SOURCE: Market Exclusive
Read this release in full at: http://www.investorideas.com/CO/GNSZ/news/2014/12171.asp
GenSpera's technology platform combines a powerful, plant-derived cytotoxin (thapsigargin) with a prodrug delivery system that provides for the targeted release of drug candidates within a tumor. Unlike typical chemotherapeutic agents, thapsigargin results in cell death irrespective of the rate of cell division, which may provide an effective approach to kill both fast- and slow-growing cancers. GenSpera's lead drug candidate, mipsagargin, is activated by the enzyme PSMA, which is found at high levels in the vasculature of liver and glioblastoma cancers and in the vasculature of almost all other solid tumors. Mipsagargin is expected to have potential efficacy in a wide variety of tumor types.
The US Food and Drug Administration (FDA) granted Orphan Drug designation in 2013 for the evaluation of mipsagargin in patients with hepatocellular carcinoma. Mipsagargin Phase II clinical trials are underway in both hepatocellular carcinoma (liver cancer) and glioblastoma patients (brain cancer).
For more information, please visit the company's website: www.genspera.com or follow us on Twitter @GenSperaNews.
Company presentations are available at: http://www.genspera.com/
Visit this company: www.genspera.com
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