Today’s Research Reports on Stocks to Watch: Lipocine and DelMar Pharmaceuticals

Lipocine shares were on fire after receiving an upgrade and a price target of $21 a share. Shares of DelMar Pharmaceuticals also soared higher despite any news but a report indicated the company has been granted a U.S. patent related to its VAL-083 drug candidate.

RDI Initiates Coverage on:

Lipocine Inc.

DelMar Pharmaceuticals, Inc.   

Lipocine’s shares were on fire in Tuesday trading, closing the day up 16.03% on high volume. The stock traded roughly 5.5 million shares compared to an average of a little under 550,000 shares. The stock was upgraded by Dr. Cathy Reese of Empire Asset Management to "Buy" from "Hold" and was given a $21 price target. Traders were encouraged by her upgrade considering that the stock is down nearly 57% since the FDA’s Bone, Reproductive, and Urologic Drugs Advisory Committee voted 6-13 on Tlando’s benefit-risk profile. Tlando is an oral product candidate for testosterone replacement therapy. Reese remarked, "We believe that Tlando has a high probability of gaining an approval, whether it is on the PDUFA date or once the blood pressure and collection test tube clinical data is generated and reviewed, which we believe should occur in 2018."

Access RDI’s Lipocine Inc. Research Report at:

DelMar Pharmaceuticals’ shares closed up 13.59% yesterday on almost 4.9 million shares traded. The stock was exploding despite any remarkable news from the company but a Benzinga article reported that the company has been granted U.S. patent related to its VAL-083 drug candidate. It was two months ago that DelMar soared 40% when it announced that its lead-product cancer treatment, VAL-083, was granted "Fast Track" designation by the FDA. Interim CEO Saiid Zarrabian stated at the time, "We are enthusiastic about the potential of VAL-083 to offer a meaningful clinical benefit to patients with rGBM and for the opportunity to expedite the regulatory process through the FDA’s Fast Track program." The drug is a potential new treatment for a recurrent cancer of the brain and spinal cord called glioblastoma (rGMBM).

Access RDI’s DelMar Pharmaceuticals, Inc. Research Report at:

Our Actionable Research on Lipocine Inc. (NASDAQ: LPCN) and DelMar Pharmaceuticals, Inc. (NASDAQ: DMPI) can be downloaded free of charge at Research Driven Investing.

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