Innate Pharma (IPHYF) Upgraded to Buy by Zacks Investment Research

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Zacks Investment Research upgraded shares of Innate Pharma (OTCMKTS:IPHYF) from a hold rating to a buy rating in a report released on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $7.25 target price on the stock.

According to Zacks, “Innate Pharma S.A. is a biopharmaceutical company. It develops drugs for treatment of cancer and inflammatory diseases. The company specializes in the development of first-in-class therapeutic antibodies targeting receptors and pathways controlling the activation of the innate immune system. Innate Pharma S.A. is headquartered in Marseilles, France. “

Shares of OTCMKTS IPHYF opened at $6.63 on Thursday. The stock has a market cap of $381.89 million, a PE ratio of 110.50 and a beta of 0.16. Innate Pharma has a 1 year low of $5.07 and a 1 year high of $10.40.

Innate Pharma Company Profile

Innate Pharma SA, a clinical-stage biotechnology company, discovers and develops therapeutic antibodies for the treatment of cancer in France and internationally. It offers IPH4102, an anti-KIR3DL2 humanized cytotoxicity-inducing antibody, which is in Phase I clinical trial for cutaneous T-cell lymphomas; Monalizumab, a checkpoint inhibitor that is in Phase II clinical trial to treat various cancer indications, as well as in Phase I/II clinical trial for the treatment of solid tumors; and IPH5401, a therapeutic antibody that binds and blocks C5a receptors expressed on subsets of myeloid-derived suppressor cells and neutrophils.

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