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Stock Market & Financial Investment News

News Breaks
January 7, 2014
08:14 EDTCPRXCatalyst Pharmaceutical announces dismissal of stockholder class action lawsuit
Catalyst Pharmaceutical announced that on January 3, the previously reported stockholder class action lawsuit that had been filed against Catalyst and certain of its officers and directors was dismissed without prejudice. In the Court's order, the plaintiffs were granted leave to file an amended complaint within 20 days. Catalyst has no information as to whether any such amended complaint is planned by the plaintiffs. If an amended complaint is filed in the case, Catalyst intends to vigorously defend the amended lawsuit.
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September 16, 2014
09:00 EDTCPRXCatalyst Pharmaceutical price target raised to $5 from $3.50 at Roth Capital
Roth Capital increased its price target on Catalyst to reflect what it sees as greater pricing power opportunities for Firdapse and the re-entry of CPP-115 into the clinic. Evaluating the potential outcome of a Phase 3 trial of Firdapse expected at the end of this month, the firm says the decision by all patients enrolled to continue treatment in the 2-year open label part of the trial is positive. However, Roth warns that the data poses a binary risk to the stock. It keeps a Buy rating on the shares. .
September 15, 2014
08:32 EDTCPRXCatalyst Pharmaceutical price target raised to $13 from $5 at H.C. Wainwright
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