Als medizinischer Laie finde ich Vitoss, das Produkt, mit dem Orthovita sein Geld verdient, sehr interessant. Mit Biomasse können Ersatzknochen hergestellt werden, die im Körper selbständig nachwachsen können, wobei die Aufbaumasse sich dann von selbst auflöst. Wäre toll, wenn hier ein Fachmann für Orthopädie wäre, der was zu Vitoss sagen kann (nur damit verdient das Unternehmen bisher sein Geld). Die EPS-Schätzungen (s.u.) scheinen mir für ein Unternehmen aus der Nanotechnologie recht aussichtsreis für die zukünftige Kursentwicklung zu sein.
Friday, March 05, 2004 7:13:06 AM ET
WR Hambrecht & Co
NEW YORK, March 5 (New Ratings) - Analyst David Turkaly of WR Hambrecht initiates coverage of Orthovita Inc (VITA) with a "buy" rating. The 12-month target price is set to $5.50.
Shares of Orthovita Inc, a leading developer of synthetic biomaterials, are currently trading at $3.65.
According to WR Hambrecht 's research note published this morning, the company develops synthetic bone replacements, which caters to a wide market in the orthopedic sector. Vitoss accounts for more than 95% of the company's sales, the analyst states. The company has two other products, Cortoss and Rhakoss, which are still in the testing phases, the analyst mentions. Cortoss, which is likely to be approved in the US by 2008, has robust potential in the vertebral compression fracture (VCF) market.
According to WR Hambrecht, Orthovita is currently using a hybrid sales strategy to market its products. The company intends to increase its market base through direct selling initiatives during 1H04, the analysts state. The company is also expected to launch devices based on the Vitoss platform to boost its revenues in the near future. The company expects to post profits only in 2H05 due to the expenses related to the clinical trials and the expansion of its sales force, the analysts mention.
The EPS estimates for 2004, 2005 and 2006 are -$0.19, -$0.11 and $0.03, respectively.