Zacks Investment Research downgraded shares of Apricus Biosciences, Inc (NASDAQ:APRI) from a buy rating to a sell rating in a research report report published on Tuesday morning.
According to Zacks, “Apricus Bio operates in the pharmaceutical industry and focuses on research and development in the area of drug delivery. Its proprietary drug delivery technology is called NexACT ®. Backed by revenue generating CRO business, Bio-Quant, Inc. and its NexMed USA subsidiary, Apricus Bio has leveraged the flexibility of its proven NexACT® drug delivery technology to enable multi-route administration of new and improved compounds across numerous therapeutic classes. The Company is seeking to monetize its existing product pipeline, including compounds from pre-clinical through Phase 3, currently focused on dermatology, sexual dysfunction and cancer. Apricus Bio was formerly known as NexMed, Inc and is headquartered in San Diago, California. “
Separately, HC Wainwright reissued a buy rating and issued a $4.50 target price on shares of Apricus Biosciences in a research report on Friday, November 3rd.
Shares of Apricus Biosciences (APRI) opened at $1.58 on Tuesday. Apricus Biosciences has a 1 year low of $0.86 and a 1 year high of $4.07.
Apricus Biosciences (NASDAQ:APRI) last announced its earnings results on Thursday, November 2nd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.15). During the same quarter in the previous year, the business earned ($0.19) earnings per share. equities research analysts forecast that Apricus Biosciences will post -0.6 EPS for the current fiscal year.
About Apricus Biosciences
Apricus Biosciences, Inc is a pharmaceutical company, which develops pharmaceutical products. The Company primarily focuses on the development and commercialization of products and product candidates in the areas of urology and rheumatology. The Company’s drug delivery technology is a permeation enhancer called NexACT.
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