Back On Track: Repros Therapeutics Products Continues Advancement
By Cockrell Group:
Kay Nakae, at Ascendiant Capital Markets initiated coverage of Repros Therapeutics (RPRX) with a "STRONG BUY" rating and a price target of $6.Repros Therapeutics is a small-cap biotech company that is developing two key products. The first, Androxal, is a once daily, oral therapy for the treatment of low testosterone due to secondary hypogonadism. The second, Proellex, is an orally administered selective blocker of the progesterone receptor in women for the treatment of uterine fibroids and endometriosis.Nakae expects the Company to advance both drugs into Phase III studies this year and believes the market opportunity for each drug exceeds $1 billion.Although the opportunity for RPRX's products are large, it does not come without a competitive market from established pharmaceutical and biotechnology companies that are too developing products that directly compete with products being developed by Repros.Competitors in the treatment of testosterone deficiency are AndroGel, marketed byComplete Story »
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