SCYNEXIS Inc (SCYX) is Upgraded by WBB Securities to Buy, Price Target at $8

SCYNEXIS Inc (SCYX) was Upgraded by WBB Securities to ” Buy” and the brokerage firm has set the Price Target at $8. Earlier the firm had a rating of “Speculative Buy ” on the company shares. WBB Securities advised their investors in a research report released on Aug 9, 2016.

SCYNEXIS Inc opened for trading at $2.01 and hit $2.13 on the upside on Monday, eventually ending the session at $2.09, with a gain of 0.48% or 0.01 points. The heightened volatility saw the trading volume jump to 3,64,463 shares. Company has a market cap of $29 M.

In a different news, on Jul 1, 2016, Gonzalez David Angulo (Chief Medical Officer) purchased 36,950 shares at $2.20 per share price. According to the SEC, on Jun 28, 2016, Marco Taglietti (CEO) purchased 100,000 shares at $2.39 per share price. On Jun 28, 2016, Guy Macdonald (director) purchased 40,000 shares at $2.39 per share price, according to the Form-4 filing with the securities and exchange commission.

SCYNEXIS Inc. is a pharmaceutical company. The Company is engaged in the discovery development and commercialization of anti-infectives. It also provides contract research and development services primarily in the field of animal health. Its lead product candidate SCY-078 is an oral and intravenous (IV) drug for the treatment of serious and life-threatening invasive fungal infections in humans. SCY-078 has been shown to be effective in vitro and in vivo in animal studies against a range of Candida and Aspergillus species including drug resistant strains. In addition the Company has additional compounds similar to SCY-078. The Company has developed a platform for cyclophilin inhibitors. Its cyclophilin inhibitor platform has two clinical stage compounds: SCY-635 which is a cyclophilin inhibitor for the treatment of dog dry eye and SCY-641 which is a cyclophilin inhibitor with activity similar to cyclosporine for the treatment of viral diseases in humans.


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