Anthera Pharmaceuticals (ANTH) Rating Lowered to Hold at Zacks Investment Research

Anthera Pharmaceuticals (NASDAQ:ANTH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on developing and commercializing products to treat serious illnesses, including cardiovascular and autoimmune diseases. The Company’s clinical-stage programs include one Phase 3 ready program, A-002, and two Phase 2 clinical programs, A-623 and A-001. A-002 and A-001 inhibit a novel enzyme target known as secretory phospholipase A2, or sPLA2. Elevated levels of sPLA2 have been implicated in a variety of acute inflammatory conditions, including acute coronary syndrome and acute chest syndrome, as well as chronic diseases such as stable coronary artery disease. A-623 targets elevated levels of B-lymphocyte stimulator, or BLyS (also known as BAFF), which has been associated with a variety of B-cell mediated autoimmune diseases, including systemic lupus erythematosus (SLE), rheumatoid arthritis, multiple sclerosis, Sjögren’s Syndrome, Graves’ Disease and others. Anthera Pharmaceuticals, Inc. is headquartered in Hayward, California. “

Separately, ValuEngine upgraded shares of Anthera Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Sunday, December 31st.

Anthera Pharmaceuticals (NASDAQ:ANTH) traded up $0.03 during midday trading on Wednesday, reaching $1.62. 120,900 shares of the company were exchanged, compared to its average volume of 691,872. Anthera Pharmaceuticals has a 1-year low of $1.20 and a 1-year high of $6.24. The stock has a market capitalization of $22.02, a P/E ratio of -0.30 and a beta of 2.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of ANTH. Armistice Capital LLC purchased a new position in shares of Anthera Pharmaceuticals in the fourth quarter worth about $1,269,000. BVF Inc. IL increased its stake in shares of Anthera Pharmaceuticals by 20.9% in the fourth quarter. BVF Inc. IL now owns 1,216,403 shares of the biopharmaceutical company’s stock worth $2,007,000 after purchasing an additional 209,896 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of Anthera Pharmaceuticals by 75.8% in the third quarter. Wedbush Securities Inc. now owns 73,764 shares of the biopharmaceutical company’s stock worth $106,000 after purchasing an additional 31,800 shares in the last quarter. Institutional investors and hedge funds own 16.21% of the company’s stock.

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Anthera Pharmaceuticals Company Profile

Anthera Pharmaceuticals, Inc (Anthera) is a biopharmaceutical company focused on developing and commercializing products to treat serious diseases associated with inflammation, including enzyme replacement therapies and autoimmune diseases. The Company has two Phase III product candidates, liprotamase also known as Sollpura and blisibimod.

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