Mast Therapeutics, Inc. (SVRA) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Mast Therapeutics, Inc. (NASDAQ:SVRA) from a buy rating to a hold rating in a report released on Thursday.

According to Zacks, “Savara Inc. is a clinical-stage pharmaceutical company. It focused on the development and commercialization of novel therapies for the treatment of patients with rare respiratory diseases. Savara Inc., formerly known as Mast Therapeutics, Inc., is based in Austin, United States. “

Separately, Canaccord Genuity reiterated a buy rating and set a $18.00 target price on shares of Mast Therapeutics in a research note on Monday, July 17th.

Mast Therapeutics (NASDAQ SVRA) opened at 6.80 on Thursday. The stock has a 50 day moving average of $5.72 and a 200 day moving average of $5.88. Mast Therapeutics has a 12-month low of $4.60 and a 12-month high of $45.35. The firm’s market capitalization is $164.58 million.

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About Mast Therapeutics

Savara Inc, formerly Mast Therapeutics, Inc, is a clinical-stage pharmaceutical company. The Company is focused on the development and commercialization of novel therapies for the treatment of patients with rare respiratory diseases. Its pipeline includes AeroVanc, Molgradex and AIR001. AeroVanc is an inhaled formulation of vancomycin, which the Company is developing for the treatment of persistent methicillin-resistant Staphylococcus aureus, lung infection in cystic fibrosis patients.

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