Proteon Therapeutics Inc (PRTO) is Initiated by H.C. Wainwright to Buy, Price Target at $18

Proteon Therapeutics Inc (PRTO) was Initiated by H.C. Wainwright to “Buy” and the brokerage firm has set the Price Target at $18. H.C. Wainwright advised their investors in a research report released on Sep 22, 2016.

Proteon Therapeutics Inc closed down -0.33 points or -3.77% at $8.43 with 36,985 shares getting traded on Tuesday. Post opening the session at $8.8, the shares hit an intraday low of $8.37 and an intraday high of $8.889 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 7, 2016, George Arthur Eldridge, (CFO) purchased 4,000 shares at $5.77 per share price. According to the SEC, on Jan 5, 2016, Timothy P Noyes (President and CEO) sold 5,000 shares at $13.88 per share price. On Jul 8, 2015, Daniel Philip Gottlieb (VP Marketing & Bus Development) sold 1,965 shares at $16.86 per share price, according to the Form-4 filing with the securities and exchange commission.

Proteon Therapeutics Inc. is a late-stage biopharmaceutical company focused on the development of pharmaceuticals to address the needs of patients with renal and vascular disease. The Company is primarily involved in research and development activities. The Company’s product candidate PRT-201 is a recombinant human elastase that it is developing to reduce vascular access failure in patients with chronic kidney disease undergoing or planning for hemodialysis a lifesaving treatment that cannot be conducted without a functioning vascular access. The Company has completed Phase II trial of PRT-201 in patients undergoing creation of an arteriovenous fistula (AVF). It initiated the first of two Phase III trials for PRT-201 in radiocephalic AVFs.

Proteon Therapeutics Inc

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