Vista Partners Updates Coverage on Synvista Therapeutics, Inc. (Amex: SYI); Maintains $4.46 Target Price
15 Settembre 2008 - 3:15PM
PR Newswire (US)
LOS ANGELES, Sept. 15 /PRNewswire/ -- Vista Partners announced
today that it has updated coverage on Synvista Therapeutics, Inc.
(AMEX:SYI) and maintains its $4.46 target price. Ross Silver,
Director of Research of Vista Partners stated, "Several near term
catalysts that investors should be aware of are the progression of
the Haptoglobin diagnostic test - mainly the IDE meeting and its
first sales in 2009. Recent positive news pertaining to the speed
and efficacy of the diagnostic test kit should reduce some pipeline
risk and increase the stock price." To view the FREE report on
Synvista, please visit the Vista Partners website at
http://www.vistap.com/ and click on the download research icon.
About Vista Partners: Vista Partners provides independent, equity
research to institutional and individual investors, with a focus on
publicly traded small capitalization companies. With offices in Los
Angeles and San Francisco, Vista Partners is one of the fastest
growing independently owned equity research firms. Vista Partners
professional staff has backgrounds in finance, corporate
communications and investment banking. More information is
available at http://www.vistap.com/. About Synvista Therapeutics,
Inc.: Synvista Therapeutics is a biopharmaceutical company
developing diagnostics and drugs to diagnose, treat and prevent
cardiovascular disease in people with diabetes. The Company has
developed a clinical diagnostic test for Hp2-2 Diabetes. The
genetic or protein form of this test can be used to identify
diabetic patients at high risk for cardiovascular complications.
These patients may benefit from a particular formulation of vitamin
E. The Company is also developing a kit to measure CML
(carboxy-methyllysine), another potential cardiovascular risk
marker. Synvista Therapeutics is developing oral antioxidant drugs
to treat the HDL dysfunction seen in Hp2-2 Diabetes, a disease
affecting almost 7 million patients in the United States. The
Company is also developing Alagebrium, a proposed breaker of
advanced glycation endproducts (AGEs) for the treatment of systolic
and diastolic heart failure. Diastolic heart failure represents a
rapidly growing market of unmet medical need, particularly common
among diabetic patients. Alagebrium has demonstrated relevant
clinical activity in two Phase 2 clinical trials in heart failure,
as well as in animal models of heart failure and nephropathy, among
others. Alagebrium has been tested in approximately 1,000 patients
in multiple Phase 1 and Phase 2 clinical trials, allowing Synvista
Therapeutics to assemble a sizeable human safety database. Contact:
Vista Partners LLC Jorden Lampos 310-744-5268
http://www.vistap.com/ DATASOURCE: Vista Partners CONTACT: Jorden
Lampos of Vista Partners LLC, +1-310-744-5268, Web site:
http://www.vistap.com/
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