MabVax Receives Coverage with a $5 Near-Term Price Target Based on Upcoming Catalysts
NEW YORK, NY / ACCESSWIRE / July 1, 2015 / Market Exclusive announces that today, John H. Ford, who primarily focuses on undervalued situations has initiated coverage in MabVax Therapeutics (OTCQB:MBVX).
Ford explains that Mabvax is attractive due to multiple potential upcoming catalysts. According to the report, “This is an exciting time for MabVax (OTCQB:MBVX), shareholders because the company’s share price could rise from $2 to over $5 in the next few weeks based on MabVax’s extreme level of undervaluation and 2 imminent catalysts.”
Today Mabvax is trading on strong volume based on the continued investment by Dr. Phillip Frost and Opko (NYSE OPK), which has the shares trading slightly higher.
The report can be found at http://seekingalpha.com/author/john-h-ford/instablog
Some of the highlights from Ford’s research:
- MabVax is completely undiscovered by Wall Street and would be undervalued even if the share price doubled.
- Phillip Frost and Opko (NYSE OPK) just invested in MabVax and given Dr. Frost’s track record, MabVax could be another home run trade.
- In neuroblastoma trials MabVax demonstrated its drug is almost twice as effective as the standard of care.
- The Cancer Immunotherapy Index has risen almost 50% this year and MabVax is a major contender in that sector
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SOURCE: Market Exclusive