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ECYT $23.99

ECYT target price
23.99
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Endocyte
Type
Public
Traded as NASDAQ: ECYT
Industry Biopharmaceutical
Founded 1996 (1996)
Headquarters West Lafayette, Indiana, United State
Key people
Mike Sherman, President and CEO
Number of employees
78
Website www.endocyte.com

Endocyte (NASDAQ: ECYT) is a biopharmaceutical company established in 1996 and headquartered in West Lafayette, Indiana, a resident of the Purdue Research Park. In 2011 the company completed successfully an initial public offering (IPO). As of 2013, the company had 93 employees. The original president and CEO, Ron Ellis, was succeeded by Mike Sherman, who held a CFO position at the company before this change in June 2016.

Endocyte is advancing the first technology platform for the creation of small molecule drug conjugates (a.k.a. SMDCs), which consist of a small molecule linked to a potent drug, and is developing a pipeline of SMDCs together with non-invasive companion imaging agents for cancer, inflammatory diseases and kidney disease (autosomal-dominant polycystic kidney disease/ADPKDor PKD). Endocyte’s lead drug candidate is vintafolide, an investigational targeted cancer therapeutic in late-stage development. In 2012 marketing rights were acquired by Merck for $120 million in an upfront payment and up to $880 million in milestone payments. Vintafolide is a small molecule drug conjugate consisting of a small molecule targeting the folate receptor, which is expressed on many cancers, such as ovarian cancer, and a potent chemotherapy drug, a derivative of vinblastine. Endocyte retained rights to the development and commercialization of etarfolatide.

Endocyte’s other preclinical drug candidates also target the folate receptor as well as prostate-specific membrane antigen (PSMA) receptors. The company was formed based on technology developed by Philip Low (the company's CSO), and Christopher Leamon, PhD, the company’s VP of research. This technology is a folic acid-based drug delivery system, referred to now as folate targeting. The company is also developing SMDCs with varying drug payloads as well as different ligands for other molecular targets, such as prostate-specific membrane antigen (PSMA) and has also developed, with Bristol-Myers Squibb, an epothilone-folic acid conjugate (BMS-753493), described at a 2008 conference.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2018 2018-11-07 -0.17 -0.17

Ratings

2016-07-12 Reiterated Rating Credit Suisse Group AG Buy
2016-05-04 Reiterated Rating Cowen and Company Buy
2016-05-04 Reiterated Rating Wedbush Outperform $8.00
2016-03-07 Reiterated Rating Cowen and Company Outperform
2016-03-02 Reiterated Rating Wedbush Outperform $12.00 to $8.00
2016-01-20 Initiated Coverage Credit Suisse Outperform $11.00
2016-01-20 Initiated Coverage Credit Suisse Group AG Outperform $11.00
2015-11-04 Lower Price Target RBC Capital Outperform $13.00 to $10.00
2015-11-04 Lower Price Target Royal Bank Of Canada Outperform $13.00 to $10.00
2015-09-08 Reiterated Rating Cantor Fitzgerald Buy $21.00
2015-08-05 Lower Price Target RBC Capital Outperform $15.00 to $13.00
2015-03-03 Set Price Target Wedbush Buy $12.00
2014-09-30 Downgrade Brean Capital Buy to Hold
2014-09-29 Reiterated Rating Citigroup Inc. Neutral $8.00 to $10.00
2014-09-25 Reiterated Rating Chardan Capital Positive
2014-09-08 Initiated Coverage Cantor Fitzgerald Buy $21.00
2014-07-30 Reiterated Rating Chardan Capital Buy
2014-07-08 Initiated Coverage Brean Capital Buy $22.00
2014-06-18 Reiterated Chardan Capital Markets Buy $26 to $15
2014-06-18 Lower Price Target Chardan Capital Buy $26.00 to $15.00
2014-06-18 Lower Price Target RBC Capital Outperform $20.00 to $15.00
2014-06-05 Initiated Coverage Citigroup Inc. Neutral $8.00
2014-05-05 Reiterated Chardan Capital Markets Buy $43 to $26
2014-05-05 Lower Price Target Chardan Capital Buy $43.00 to $26.00
2014-05-05 Lower Price Target RBC Capital Outperform $46.00 to $20.00
2014-05-02 Lower Price Target Brean Capital Buy $41.00 to $22.00
2014-05-02 Downgrade Piper Jaffray Overweight to Neutral $13.50
2014-05-02 Downgrade Robert W. Baird Outperform to Neutral $36.00 to $8.00
2014-03-25 Reiterated Chardan Capital Markets Buy $20 to $43
2014-03-25 Reiterated Rating Wedbush Outperform $23.00 to $65.00
2014-03-25 Boost Price Target Chardan Capital Buy $20.00 to $43.00
2014-03-24 Boost Price Target Roth Capital $20.00 to $42.00
2014-03-21 Boost Price Target Brean Capital Buy $21.00 to $41.00
2014-03-21 Boost Price Target Piper Jaffray Overweight $17.00 to $36.00
2014-03-21 Boost Price Target Credit Suisse Outperform $24.00 to $44.00
2014-02-25 Lower Price Target Leerink Swann $21.00 to $18.00
2013-12-02 Initiated Coverage Piper Jaffray Overweight $17.00
2013-09-30 Initiated Chardan Capital Markets Buy $20
2013-09-30 Initiated Coverage Chardan Capital Buy $20.00
2013-09-16 Initiated Coverage Brean Capital Buy $21.00
2012-12-21 Reiterated RBC Capital Mkts Outperform $12 to $15
2012-11-20 Initiated Summer Street Research Buy $18
2011-03-17 Initiated RBC Capital Mkts Outperform $14
2016-07-12 Reiterated Rating Credit Suisse Group AG Buy
2016-05-04 Reiterated Rating Cowen and Company Buy
2016-05-04 Reiterated Rating Wedbush Outperform $8.00
2016-03-07 Reiterated Rating Cowen and Company Outperform
2016-03-02 Reiterated Rating Wedbush Outperform $12.00 to $8.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Sherman Michael A. Chief Financial Officer 0.91%  (376064) ECYT / MJN /
Low Philip S Chief Science Officer 0.78%  (326039) ECYT /
Ellis P Ron President and CEO 0.77%  (320040) ECYT /
MIDDLETON FRED A 0.47%  (197349) CMRX / ECYT / PCRX / STXS /
Andriole Michael T. Chief Financial Officer 0.36%  (150000) ECYT /
Leamon Christopher P Vice President of Research 0.35%  (143470) ECYT /
Armour Alison A. Chief Medical Officer 0.27%  (111565) ECYT /
Parker Katherine VP of Human Resources 0.19%  (77120) ECYT /
Taylor Beth Corporate Controller 0.17%  (71540) ECYT /
Chelius Erik C. Vice President CMC 0.13%  (54409) ECYT /
Ritter Allen R VP of Manufacturing/CMC 0.08%  (34282) ECYT /
APLIN JOHN C 0.08%  (32163) ECYT /
Nguyen Binh VP of Clinical Affairs 0.07%  (28359) ECYT /
Brinkley Michael A. VP OF QUALITY ASSURANCE 0.06%  (23486) ECYT /
Harper Scot VP of CLINICAL OPERATIONS 0.05%  (22535) ECYT /
BRAUER KEITH E 0.04%  (18271) ECYT /
KOZIN MARC D 0.03%  (11100) DYAX / ECYT / OVAS / UFPT /
GODDARD COLIN 0.03%  (11100) ECYT /
Russell Lesley 0.03%  (11100) AMAG / ECYT / ENTA / TLOG /
HANHAM ANN 0.02%  (7800) ECYT / SCYX /
MELDRUM PETER D 0.02%  (7800) ECYT / MYGN /
Meek David D. Chief Commercial Officer 0.02%  (7500) ECYT /
Graham Dawn 0.02%  (7050) ECYT / MDVN / PTCT / XENE /
Machado Clarence Patrick 0.02%  (7050) AAVL / CMRX / ECYT / MDVN / SCYX / TKMR /
Lovejoy Chandra D VP of Regulatory Affairs 0.02%  (6250) ECYT /