Vista Partners Initiates Coverage on Targeted Medical Pharma, Inc. (Ticker: TRGM); $2.75 Target Price
SAN FRANCISCO, CA--(Marketwired - Nov 20, 2013) - Vista Partners announced today that it has initiated coverage on Targeted Medical Pharma, Inc. (OTCQB: TRGM) ("The Company," or "TRGM"); with a twelve month target price of $2.75. Ross Silver, Principal Analyst at Vista Partners, stated, "TRGM develops and sells a line of patented prescription medical food products that are currently sold in the United States through a network of distributors and directly to physicians who dispense medical foods and other pharmaceutical products through their office practices. With recent reductions in physician reimbursements for medical services by Medicare, workers compensation and private insurance companies, many physicians are actively seeking additional sources of practice revenues." Mr. Silver concludes, "Nestlé Health Science, a subsidiary of Nestlé, has been actively acquiring medical food companies, one of which was Prometheus Laboratories, a firm specializing in diagnostics and pharmaceuticals in gastrointestinal and oncology. According to an article by Bloomberg, Nestlé may have paid 500M Swiss Francs ($550M U.S.) to 1B Swiss Francs ($1.1B U.S.) for Prometheus."
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