SeeThruEquity starts Cynata Therapeutics with target price of A$1.55

3 September 2015

SeeThruEquity Research initiated coverage on Australia-based biotechnology company Cynata Therapeutics (ASX: CYP) with a target price of A$1.55.

For the full-year 2016 the broker expects revenue of A$5 million ($3.6 million) with pretax profit of A$1.6 million. Outlook for net income stands at A$1.6 million with earnings per share of A$0.02.

Headquartered in Melbourne, Cynata is engaged in developing a therapeutic stem cell platform. The company does not have any products in the market so far.

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