Precision Medicine Developer Secures Another Patent for Drug Candidate
Source: Streetwise Reports
December 6, 2018 (Investorideas.com Newswire) This company takes a step forward in its efforts to protect its intellectual property.
In a Nov. 28 research note, JMP Securities analyst Konstantinos Aprilakis reported Kura Oncology Inc. (KURA:NASDAQ) received a patent that protects the use of its oncology drug candidate, tipifarnib, as a treatment for angioimmunoblastic T-cell lymphoma (AITL), an aggressive subtype of peripheral T-cell lymphoma (PTCL).
"We view the company's continued efforts to build on tipifarnib's intellectual property estate as key in realizing the therapeutic and future commercial potential of the asset," Aprilakis wrote, particularly since Kura's composition-of-matter patents on the therapeutic expired in 2016. The company does have three other current patents on tipifarnib, the most recent of which "offers Kura and tipifarnib strong protection in the setting of AITL," he added.
About Kura's approach, Aprilakis concluded that "we continue to be encouraged by the pace at which the company is executing on its strategy of obtaining key method-of-use patents covering specific indications and novel biomarkers (e.g., CXCL12)."
JMP Securities has a Market Outperform rating and a $38 per share price target on Kura, reflecting a more than potential tripling of the stock price, which is currently ~$13.08 per share.
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JMP Securities, Kura Oncology Inc., Company Update, November 28, 2018
Analyst Certification: The research analyst(s) who prepared this report does/do hereby certify that the views presented in this report are in accordance with my/our personal views on the securities and issuers discussed in this report. As mandated by SEC Regulation AC no part of my/our compensation was, is or will be directly or indirectly related to the specific views or recommendations expressed herein. This certification is made under the obligations set forth in SEC Regulation AC. Any other person or entity may not use it for any other purpose. This certification is made based on my/our analysis on the date of this report's publication. I/We assume no obligation to update this certification to reflect any facts, circumstances or events that may subsequently come to my/our attention. Signed Konstantinos N. Aprilakis and Simon J. Gruber
JMP Securities Disclosures:
JMP Securities currently makes a market in the security of Kura Oncology, Inc.
JMP Securities expects to receive OR intends to seek compensation for investment banking services from Kura Oncology, Inc. in the next 3 months.
JMP Securities LLC (the "Firm") compensates research analysts, like other Firm employees, based on the Firm's profitability, which includes revenues from the Firm's institutional sales, trading, and investment banking departments as well as on the quality of the services and activities performed that are intended to benefit the Firm's institutional clients.
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