Celator Pharmaceuticals Inc (CPXX) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Celator Pharmaceuticals Inc (CPXX) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $-0.16 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.14.

Many Wall Street Analysts have commented on Celator Pharmaceuticals Inc. Stifel Initiated Celator Pharmaceuticals Inc on Apr 22, 2016 to “Buy”, Price Target of the shares are set at $23.Needham Initiated Celator Pharmaceuticals Inc on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $24.Company shares were Reiterated by H.C. Wainwright on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $7 .

Celator Pharmaceuticals Inc closed down -0.46 points or -3.36% at $13.25 with 9,57,283 shares getting traded on Friday. Post opening the session at $13.56, the shares hit an intraday low of $13.01 and an intraday high of $13.857 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 7, 2015, Scott D Morenstein (director) purchased 5,000 shares at $1.87 per share price. According to the SEC, on Oct 7, 2015, Scott Thomas Jackson (CEO) purchased 14,450 shares at $1.74 per share price. On Oct 5, 2015, Fred M Powell (CFO) purchased 13,700 shares at $1.78 per share price, according to the Form-4 filing with the securities and exchange commission.

Celator Pharmaceuticals Inc. is a clinical-stage biopharmaceutical company. The Company is engaged in developing products to cure cancer. Celator’s technology platform CombiPlex offers the rational design and rapid evaluation of combinations incorporating traditional chemotherapies as well as molecularly targeted agents to deliver anti-cancer activity. The Company’s products are in research and development phases. Celator’s lead product is CPX-351 a liposomal formulation of cytarabine:daunorubicin for the treatment of acute myeloid leukemia. The Company owns worldwide development and commercialization rights to CPX-351. The Company’s other pipeline products includes CPX-1 a liposomal formulation of irinotecan:floxuridine for the treatment of colorectal cancer and a preclinical stage product candidate CPX-8 a hydrophobic docetaxel prodrug nanoparticle formulation.

Celator Pharmaceuticals Inc

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