HemispherxBioPharma, Inc (NYSEMKT:HEB) Inches Up; Gets ‘Buy’
HemispherxBioPharma, Inc (NYSEMKT:HEB) continued to rally for the second straight session on Thursday, as it surged by almost 20%, reaching a new 52 week high of $0.55 per share. For the past couple of days, the stock prices have been reflecting the company’s announcement of Dr. William M. Mitchell’s presentation of research paper, covering the subject matter of Pulmonary Tissue Damage in connection with infection caused by Avian Influenza Virus (H5N1) and its protection by Low Dose Natural Human IFN.
A Note About The Presentation
The presentation highlighted the growing concern of the global threat of an influenza epidemic caused by the avian ‘H5N1’ and ‘H7N9’ influenza virus. The threat being of devastating nature, to the humans has pushed to the object of devising methods to encounter these virus. The collaborative team has successfully reported to have tested the success of a low dose oral preparation of alpha Alferon N Injection(R), which could significantly mitigate the pulmonary damage caused by the primary influenza virus.
Chardan Capital’s Coverage
This is followed by a coverage initiation from Chardan Capital, who have placed a ‘buy’ rating for the company and has put a price target of $3 per share, in their research report.
Hemispherx Biopharma, Inc. is a progressive specialty pharmaceutical firm, which is engaged in the manufacturing as well as the clinical development of innovative drug therapies, to treat serious incapacitating disorders. The company focus on treating these disorders through enhancing natural immune system, more particularly for the viral and immune related diseases. Some of the Hemispherx’s lead products are Alferon N Injection®, Alferon® LDO and the experimental therapeutics Ampligen®. Ampligen® is an experimental product with RNA nucleic acid, which is developed for hindering system diseases and disorders related to the immune system which includes Chronic Fatigue Syndrome. Since, Ampligen® and Alferon® LDO, both are experimental; thus they are not labelled safe and effective. It is only available through clinical trials