Colorado biotech firm is being acquired to create $90M company in Seattle
Nivalis Therapeutics Inc (NASDAQ:NVLS) has received a consensus recommendation of "Hold" from the eight analysts that are covering the company.
As part of the merger, Frazier Healthcare Partners, Alpine BioVentures and OrbiMed Advisors are investing $17 million into Alpine Immune Sciences prior to the close of the deal. But with the Nivalis merger and related $17 million investment from Frazier Healthcare Partners, Alpine BioVentures and OrbiMed Advisors strengthening its finances, Alpine is also planning to file INDs for two other programs now being researched by its immuno-oncology and inflammation groups.
Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Nivalis Therapeutics, Inc. Zacks Investment Research downgraded shares of Nivalis Therapeutics from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock.
Nivalis Therapeutics, Inc. (NASDAQ:NVLS) yearly performance is -48.25%. Endurant Capital Management LP now owns 85,412 shares of the biotechnology company's stock worth $694,000 after buying an additional 19,629 shares in the last quarter.
Nivalis Therapeutics, Inc. was downgraded to "market perform" by analysts at Raymond James.
Nivalis Therapeutics (NASDAQ:NVLS) last issued its quarterly earnings results on Monday, February 13th. NVLS has P/E (Price to Earnings ttm) value of 0, Forward P/E of 0, P/C (Price to cash per share) of 0.61 and Price to Free Cash Flow (P/FCF) value of 0. On average, analysts forecast that Nivalis Therapeutics will post ($1.16) EPS for the current fiscal year.
"This evening Nivalis and Alpine Immune Sciences announced an agreement to merge.", Cowen and Company's analyst wrote. If you are viewing this story on another publication, it was stolen and republished in violation of US & global trademark and copyright law. The stock recently closed its previous session at $2.37 by showing a percentage change of -10.23% from its previous day closing price of $2.64. Endurant Capital Management LP boosted its position in shares of Nivalis Therapeutics by 29.8% in the third quarter. Sphera Funds Management LTD. acquired a new stake in Nivalis Therapeutics during the third quarter worth approximately $1,664,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Nivalis Therapeutics during the third quarter valued at $145,000.
During the latest trading session Nivalis Therapeutics, Inc. In October 2015 the firm inked a potentially $535 million deal with Kite Pharma to develop two TIP programs into chimeric antigen receptor (CAR) and T cell receptor (TCR) product candidates.
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