NetworkNewsBreaks – Aegis Capital Reiterates “Buy” Rating on Zogenix, Inc. (NASDAQ: ZGNX)

Following Zogenix’s (NASDAQ: ZGNX) first-quarter results, Aegis Capital has reiterated its ‘Buy’ rating and price target of $28 on shares of the company’s stock. Zogenix reported total revenue for the first quarter of $2.7 million, consisting entirely of contract manufacturing revenue. Additionally, Zogenix recently said it has completed enrollment in Study 1, the first phase 3 clinical trial evaluating ZX008 as an adjunctive treatment for seizures in children and young adults with Dravet syndrome. Top-line data from Study 1 is anticipated in the third quarter of 2017. The company is currently enrolling for 1504, the second pivotal phase 3 trial in the U.S., with data expected by the first quarter of 2018.

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About Zogenix

Zogenix, Inc. is a pharmaceutical company committed to developing and commercializing central nervous system (CNS) therapies that address specific clinical needs for people living with orphan and other CNS disorders who need innovative treatment alternatives to improve their daily functioning.

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