Short term view - INNATE PHARMA SA : The major support has been reached, it causes the bounce.
Our previous opinion was neutral.We turn positive with a target at 11,7 € and an invalidation level at 10,5 €.
Prices are close to a support evel, they may bounce.
Arguments :
- The major support has been reached, it causes the bounce.
Innate Pharma S.A. is a biopharmaceutical Company developing immunotherapy drugs for cancer and inflammatory diseases. Co. specializes in the development of new monoclonal antibodies targeting receptors and pathways controlling the activation of innate immunity cells. Also, Co. has three product-candidates resulting from its research platform are being tested in clinical trials; two of these by Co.'s partners, Bristol-Myers Squibb and Novo Nordisk A/S. Co. focuses on immunopharmacology and antibody technology. Co. has a panel of molecular and cellular assays and in vivo models for assessing the pharmacodynamics, the pharmacotoxicology and efficacy of drug candidates.
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