BFRI - Recently IPOd Biofrontera surges 146% following Roth buy initiation; sees 660% upsoide
Shares of Bioferontera (BFRI +147.1%) have skyrocketed today after Roth Capital initiated the stock with a buy rating and a $20 price target (~660% upside). Analyst Jonathan Aschoff says his rating and target is based on future revuenue for Ameluz (aminolevulinic acid) and Xepi (ozenoxacin) cream for, respectively, actinic keratosis and impetigo. The company also markets BF-RhodoLed, and LED lamp emitting red light that is used in combination with Ameluz actinic keratosis. Biofrontera priced its October IPO at $18/share.
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Recently IPOd Biofrontera surges 146% following Roth buy initiation; sees 660% upsoide