Q: Your thoughts on this? Just looking at top gainers from yesterday.
5i Research Answer:
PRN is expecting growth that is quite high over the next few years but they do remain cash flow negative with maybe just over a year of cash before they will need more funds. The recent quarter was a bit light on revenues which sent shares lower but recent trial data which was positive is helping bring some interest back into the name. It is a bit of a mixed name in terms of puts and takes but if they can execute on the growth potential, we think it looks interesting.