MEI Pharma found using ticker (MEIP) now have 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 13 and 5.5 calculating the average target price we see 9.45. Given that the stocks previous close was at 2.92 this is indicating there is a potential upside of 223.6%. The 50 day moving average now sits at 2.86 and the 200 moving average now moves to 3.08. The company has a market capitalisation of $344m. Visit the company website at: http://www.meipharma.com
MEI Pharma, a late-stage pharmaceutical company, focuses on the development of various therapies for the treatment of cancer. The company develops Zandelisib, an oral phosphatidylinositol 3-kinase delta inhibitor that is in Phase II clinical trial for the treatment of patients with relapsed/refractory follicular lymphoma, as well as in Phase Ib multi-arm trial to treat B-cell malignancies; and Voruciclib, an oral cyclin-dependent kinase inhibitor, which is in Phase Ib clinical trial for acute myeloid leukemia and B-cell malignancies. It also develops ME-344, a mitochondrial inhibitor targeting the oxidative phosphorylation complex that is in Phase I clinical trial for the treatment of human epidermal growth factor receptor 2 negative breast cancer; and Pracinostat, an oral available histone deacetylase inhibitor, which is in Phase II clinical trial to treat patients with myelodysplastic syndrome. The company has a license, development, and commercialization agreement with Kyowa Kirin Company; a clinical collaboration with BeiGene, Ltd.; a license, development, manufacturing, and commercialization agreement with Helsinn Healthcare SA; and license agreements with Presage Biosciences and CyDex Pharmaceuticals The company was formerly known as Marshall Edwards and changed its name to MEI Pharma in July 2012. MEI Pharma was founded in 2000 and is headquartered in San Diego, California.