Expert Financial Analysis and Reporting

Investment Overview and Thesis Antares has carved out an interesting niche in the pharmaceutical industry through building a drug delivery business based on sophisticated injection technologies. Large pharmaceutical companies have always been “oral dosage centric” in their development of dosage forms for their drugs. Their goal has almost always been to find a once a […]

One Approach for Investing in Emerging Biotechnology Stocks I write on biotechnology and pharmaceutical companies of all sizes, but I have spent much of the last year focusing on small biotechnology companies ranging in size from as low as $50 million in market capialization.to about $400 million. There is much less analyst and investor attention […]

Investment Thesis It has been some time since I have written on Antares (ATRS); in fact my last note was in September 2012. My lack of writing shouldn’t be interpreted as a decline in interest. Antares remains one of my favorite biotechs and one of my largest personal biotech holdings. This is a brief update […]

Investment Opinion I am reiterating my Buy recommendation on Antares which was initiated on December 6, 2011 at a price of $2.77. My price target for 2015 is $11 per share. Reaction to Recent Price Weakness Antares (ATRS) has fallen 27% from its closing price of $5.30 on July 16, to a recent closing price […]

Conclusion I believe that the settlement on the EpiPen litigation is a positive for Antares. It pushes the launch date for the generic epinephrine injector from 2013 to 2015. However, during this time, EpiPen sales are expected to grow rapidly increasing from $600 million in 2012 to $1.3 billion in 2015. Based on calculations shown […]

Investment Thesis I initiated coverage of Antares (AIS) on December 8, 2011 with a buy rating. Important factors driving my recommendation were its broad based relationship with Teva for developing injectable pharmaceuticals and the recently approved Anturol, a gel based product for urinary incontinence. I also felt that LibiGel could be a meaningful, but not […]

Investment Opinion The failure of the Libi-Gel trial rocked the stock of Antares (AIS) and caused it to drop from around $2.62 to $1.67 with a subsequent recovery to $2.40. I think that this reaction failed to recognize the broad potential of the Antares product line beyond Libi-Gel. In particular, I think that the market […]

Investment Opinion I am recommending purchase of Antares (AIS) at the current level of $2.59. My 2015 price target is $6.70. Antares has a broad array of products based on its self-injection and gel formulation drug delivery technologies. Its partners are currently marketing four Antares products and there are eight more in development. I estimate […]

Investment Overview One of the eleven products that Antares has in late stage development is Libi-Gel for treating female sexual dysfunction based on testosterone replacement. This product is licensed to BioSante for the US and certain foreign markets while Antares retains rights for Europe.   The phase III trials for Libi-Gel are expected to be […]

Investment Thesis In my initial report on Antares, I recommended purchase based importantly on the potential for its self-injection technology. One of the mega-trends in the world pharmaceutical industry is the increasing importance of injectable drugs. Antares cites projections that injectable drugs (largely biologic agents) will account for 50% of the top selling drugs in […]