Guest guest Posted December 15, 2006 Report Share Posted December 15, 2006 Vista Partners Raises Twelve Month Target Price on Avicena Group to $12.00 per Share and Updates Coverage http://biz./prnews/061214/sfth052.html?.v=80 SAN FRANCISCO, Dec. 14 /PRNewswire/ -- Vista Partners has raised its twelve month target price on Avicena Group (OTC Bulletin Board: AVGO - News). Avicena recently announced that its lead compound for Parkinson's Disease, with an estimated $8 billion global market, is entering phase III clinical trials in partnership with the National Institute of Neurological Disorders and Stroke (NINDS). Avicena also announced that its lead compound for Huntington's Disease will enter phase III clinical trials in 2007 upon completion of a chronic toxicology study. The company will now have 3 drugs in Phase III clinical trials in 2007 (ALS, Parkinson's and Huntington's) and 3 additional drugs advancing through phase I trials (Creatine Transporter Defect, Duchenne Muscular Dystrophy, Charcot-Marie Tooth Syndrome), giving the company one of the most robust central nervous system (CNS) pipelines amongst biotechnology companies. The company remains relatively undiscovered and we believe it should trade in line with premium valued CNS companies. Vista Partners provides independent, equity research to institutional and individual investors, with a focus on publicly traded small capitalization companies. Ross Silver of Vista Partners issued the report. For more information and to download the report; please visit the Vista Partners website at www.vistap.com . The Avicena Group, Inc. is a late stage, revenue generating biotechnology company focused on developing products based on its proprietary understanding of the regulation of cellular energy processes. The company's core technologies, supported by a robust IP portfolio, have broad applications in both pharmaceuticals and dermaceuticals. Avicena's pharmaceutical program centers on rare neurological disorders (orphan diseases). The company is currently analyzing data from its Phase IIb/ III trial in ALS (Amyotrophic Lateral Sclerosis, or Lou Gehrig's Disease). Near term, Avicena intends to initiate both a Phase III trial in Huntington's Disease and a Phase III trial in Parkinson's Disease. Avicena presently derives revenue from the sale of proprietary ingredients to skin care manufacturers. Furthermore, the company is developing a proprietary line of therapeutic skin care products. Avicena's science is well established and its products are safe and well tolerated. Unlike traditional biotechnology companies, Avicena's clinical programs are largely funded by government and non-profit organizations. Quote Link to comment Share on other sites More sharing options...
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