GTX Inc. (NASDAQ: GTXI) is surging on what may feel a bit like a mystery or a Houdini rally. Apparently Citigroup has raised its target on the company, but the raise is a doubling of the price target to $19.00 per share. It expects late-stage studies of its treatment for muscle wasting that is related to cancer to succeed and that it could even become a buyout candidate as such. $19 from $8, sent the biopharmaceutical company’s shares up 24 percent in pre-market trade on Monday.
Interestingly enough, it is not a blockbuster projection, but it does see up to $760 million in peak sales by 2020 but the upside is that this could ultimately treat a wider patient group from chronic diseases. Ostarine is said to be a selective androgen receptor modulators (SRAMs) and treats muscle loss related to cancer or to the normal process of aging. Citi reportedly said the two candidate profiles will be revealed in the coming year or so and that could bring substantial upside.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.