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PROLOR Biotech, Inc. Message Board

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  • john_j_315 john_j_315 Nov 12, 2012 1:08 PM Flag

    Prolor Biotech downgraded to Sell from Buy at Summer Street

    Found it. Honestly there is nothing here that would indicate problems other than management. Hopefully assuming they don't have any info we don't, if nothing else, this will spur some changes. Like I have been saying for a while now, we need new leadership.

    Sentiment: Hold

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    • Reason for downgrade: Summer Street is citing delays in the initiation of Phase III studies.
      The firm lowered its price target from 6 USD to 3 USD.

      Such a delay of the Phase III is new to me.

      Sentiment: Buy

      • 1 Reply to seematrix2000
      • I don't think they mean a physical delay but that management is taking too long. I agree. I think $3 is a bit drastic but it could be that some of SS clients are upset with what is going on (and lack of information coming out of the company) and this is retaliation. I know from speaking with Shai directly that he has zero "public relations" ability what-so-ever. He is one of the most sarcastic and arrogant people In such a position I have ever spoken with. The worst part is his performance does not back it up.

        Sentiment: Hold