Aegis Capital recently reiterated a ‘Buy’ rating and price target of $11 on shares of Conatus Pharmaceuticals (NASDAQ: CNAT). The company’s recent exclusive option, collaboration and license agreement with Novartis (NYSE: NVS) for the global development and commercialization of its lead product emricasan is cited as a positive catalyst by Aegis.
For more information, visit www.conatuspharma.com
About Conatus Pharmaceuticals
Conatus is a biotechnology company focused on the development and commercialization of novel medicines to treat liver disease. Conatus is developing its lead compound, emricasan, for the treatment of patients with chronic liver disease. Emricasan is designed to reduce the activity of enzymes that mediate inflammation and apoptosis. Conatus believes that by reducing the activity of these enzymes, emricasan has the potential to interrupt the disease progression across the spectrum of liver disease.
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