Byron’s Loe raises target on Tekmira by $5, to $12.50

Better get a bigger ladder. Byron Capital's Douglas Loe raised his target on Tekmira by a full five dollars today.

Yesterday, Tekmira (TSX:TKM) announced that it had settled the ongoing litigiation between it and Alnylam Pharmaceuticals. The Burnaby-based company said it had signed a new licensing agreement that provides clarity on all intellectual property and licensing issues between the pair. Tekmira says that as a result of the resolution it will receive $65-million within 10 [...]

Byron’s Loe raises target price on Tekmira to $7.50

Byron analyst Douglas Loe points that while Ebola hemorrhagic fever is exceedingly rare, the real demand comes from the US government, which is concerned with bioterrorism-deployed Ebola.

On Tuesday, Tekmira (TSX:TKM) announced that the temporary stop-work order announced on August 6th, with respect to its TKM-Ebola program, was lifted by the U.S. Department of Defense. Tekmira CEO Mark Murray said:”We are pleased that our productive collaboration with the U.S. DoD’s transformational medical technologies program will continue. As we recommence our work, we [...]

Byron Capital analyst Douglas Loe raises target on Tekmira to $6.25

Byron Capital analyst Douglas Loe says the lawsuit between Tekmira and Alnylam, which is scheduled to be heard in Massachusetts court in October presents a "lingering risk" for Tekmira, but this risk is being offset by reduced clinical risk for all siRNAs.

Last week, Alnylam Pharmaceuticals (NASDAQ:ALNY) announced that it reported positive results from a seventeen patient Phase I study testing siRNA-LNP (lipid nanoparticle, small interefering RNA) drug ALN-TTR02 as a therapy for the orphan medical indication TTR-amyloidosis (TTR-A). The study used Tekmira’s (TSX:TKM) LNP delivery platform. Byron Capital’s Douglas Loe says that while the trial was [...]

Byron Capital’s Douglas Loe Raises Target on Tekmira

RNA interference works by blocking the molecular messengers of a a cell, rendering the cell useless. Burnaby-based Tekmira, an early leader in the space, has multiple RNAi product candidates.

On Tuesday, Tekmira (TSX:TKM) reported its Q1, 2012 results. Revenue of $3.6-million was a dip from the company’s topline of $4.3-million in the first quarter of 2011. The company’s net loss of $3.2-million, however, was in line with Q1, 2011′s net loss of $3.1-million. Byron Capital’s Douglas Loe says the quarter met his expectations, with [...]

15 Canadian Techs Trading Far Below Analyst Targets

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There are many people who believe Canadian technology stocks are undervalued. Of course, as John Maynard Keynes famously quipped, markets can remain irrational longer than you can remain solvent. Still, with a massive exodus from commodities now fully underway, is it just a matter of time before money starts flowing into Canadian technology stocks, driving [...]

10 Canadian Tech Stocks to Watch in 2011

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In January, we looked back at the Canadian tech stocks that had an exceptional 2010, capped off by the selection of Glentel as Canadian Tech Stock of the Year and Mark Therier of SXC Health as Canadian Tech Stock exec of the Year. This month we look forward. No we don’t have a crystal ball, [...]

10 Canadian Life Sciences Stocks that could Change the World

Immunovaccine's Chase: "We haven’t found a vaccine yet that we cannot improve."

It’s been nearly a century since Canada’s greatest achievement in biotech took place; the discovery of insulin by Frederick Banting and his assistant Charles Best, in 1922. While nothing since has matched that miraculous feat, which has saved countless millions of lives, it’s not like Canada has been sitting still in the meantime. Canadian researchers [...]