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Maxim Group Remains a Buy on SELLAS Life Sciences Group (SLS)
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Maxim Group Remains a Buy on SELLAS Life Sciences Group (SLS)

In a report released yesterday, Jason McCarthy from Maxim Group maintained a Buy rating on SELLAS Life Sciences Group (SLSResearch Report), with a price target of $4.00. The company’s shares closed yesterday at $1.55.

According to TipRanks, McCarthy is an analyst with an average return of -30.3% and a 22.44% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Daré Bioscience, SELLAS Life Sciences Group, and Achieve Life Sciences.

SELLAS Life Sciences Group has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.

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Based on SELLAS Life Sciences Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $8.84 million. In comparison, last year the company had a GAAP net loss of $8.41 million

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SELLAS Life Sciences Group, Inc. operates as a clinical stage biopharmaceutical company, which focuses on the development and commercialization of novel cancer immunotherapeutics for cancer indications. Its product galinpepimut-S, or GPS, is an immunotherapeutic agent licensed from Memorial Sloan Kettering Cancer Center, or MSK, which targets the Wilms tumor 1, or WT1, protein. Its products include galinpepimut-S and nelipepimut-S. The company was founded on April 3, 2006 and is headquartered in New York, NY.

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