Aegis Capital Corp. has reiterated its ‘Buy’ rating and $3 price target on Ocera Therapeutics (NASDAQ: OCRX) following the company’s recent release of data from a preclinical model that suggests potential for OCR-002 as a treatment of Non-alcoholic Fatty Liver Disease (NAFLD)/ Non-alcoholic Steatohepatitis (NASH). The analyst noted this data, and OCR-002’s potential as a treatment of Hepatic Encephalopathy (HE), as the sole reason for the reiterated ‘Buy’ rating.
For more information, visit www.ocerainc.com
Ocera Therapeutics, Inc. is a clinical stage biopharmaceutical company focused on the development and commercialization of OCR-002 (ornithine phenylacetate) in both intravenous and oral formulations. OCR-002 is an ammonia scavenger and has been granted orphan drug designation and Fast Track status by the U.S. Food and Drug Administration (FDA) for the treatment of hyperammonemia and resultant hepatic encephalopathy (HE) in patients with acute liver failure and acute-on-chronic liver disease.
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