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Maxim Group Reaffirms Their Buy Rating on Theriva Biologics (TOVX)

In a report released yesterday, Jason McCarthy from Maxim Group maintained a Buy rating on Theriva Biologics (TOVXResearch Report), with a price target of $4.00. The company’s shares opened today at $0.75.

McCarthy covers the Healthcare sector, focusing on stocks such as Lineage Therap, SELLAS Life Sciences Group, and Oncolytics Biotech. According to TipRanks, McCarthy has an average return of -34.2% and a 17.79% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Theriva Biologics with a $4.00 average price target.

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The company has a one-year high of $4.39 and a one-year low of $0.39. Currently, Theriva Biologics has an average volume of 77.99K.

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Synthetic Biologics, Inc. is a clinical stage company, which engages in the development of therapeutics to preserve the microbiome to protect and restore the health of patients. Its product portfolio includes SYN-010 and SYN-004. The SYN-010, which is intended to reduce the impact of methane-producing organisms in the gut microbiome to treat an underlying cause of irritable bowel syndrome with constipation. The SYN-004, which is designed to protect the gut microbiome from the effects of certain commonly used intravenous (IV) antibiotics for the prevention of C. difficile infection, antibiotic-associated diarrhea, and the emergence of antimicrobial resistance. The company was founded by Steven H. Kanzer in January 2001 and is headquartered in Rockville, MD.

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