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Special Report: Biotech Incubator Taps Investors Through In-house Brokerage | Reuters

by in.reuters.com posted 9months ago 64 views
By Elizabeth Dilts, Benjamin Lesser, Carl O'Donnell and Michael Erman. : NEW YORK (Reuters) - Last August, National Securities Corp analyst Jonathan Aschoff was bullish on Avenue Therapeutics Inc (ATXI.O), a fledgling biotechnology company with no revenue and one drug in clinical trials. In a research note posted on National’s website, he rated the newly listed stock a “buy” and predicted that the share price would more than double in a year. A few months earlier, Aschoff had waxed equally optimistic about another biotech venture, Checkpoint Therapeutics Inc (CKPT.O), with several cancer drugs in various stages of development.

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