Ipsen (OTCMKTS:IPSEY) Rating Increased to Moderate Buy at Royal Bank of Canada

by · The Cerbat Gem

Royal Bank of Canada upgraded shares of Ipsen (OTCMKTS:IPSEY – Free Report) from a hold rating to a moderate buy rating in a research note issued to investors on Monday morning, Zacks.com reports.

Ipsen Price Performance

Shares of OTCMKTS IPSEY opened at $31.77 on Monday. The company’s fifty day moving average price is $29.36 and its 200 day moving average price is $30.23. Ipsen has a 1 year low of $26.97 and a 1 year high of $34.06.

About Ipsen

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Ipsen SA operates as a biopharmaceutical company worldwide. The company provides drugs in the areas of oncology, neuroscience, and rare diseases. Its product pipeline comprises Cabometyx + Atezolizumab, which is in phase III clinical trial for the treatment of second line metastatic castration-resistant prostate cancer; lenalidomide and rituximab, and Taverik, which is in phase III for the treatment of second line follicular lymphoma; Bylvay, which is in phase III for the treatment of biliary atresia; Dysport, which is in phase III clinical trial for the treatment of chronic and episodic migraine; Fidrisertib, which is in phase II clinical trial for the treatment of fibrodysplasia ossificans progressiva; Elafibranor, which is in phase II for the treatment of primary sclerosing cholangitis, as well as IPN60250; IPN10200, which is in phase II for the treatment of longer-acting neurotoxin aesthetics and therapeutics; IPN60210, which is in phase I clinical trial for the treatment of relapsed/refractory multiple myeloma; and IPN60260 for the treatment of Viral cholestatic disease and is in phase I clinical trial.

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