Cerus Corporation Announces Workshop and Abstracts at the 2024 AABB Annual Meeting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
0mins
Source: Businesswire
Cerus Corporation's AABB Annual Meeting Participation: Cerus Corporation will present several abstracts at the 2024 AABB Annual Meeting in Houston, Texas, focusing on advancements in pathogen reduction technologies for blood components, including oral and poster presentations related to their clinical trials and product implementations.
Company Overview and Product Offerings: Cerus is dedicated to enhancing blood safety through its INTERCEPT Blood System, which has received global regulatory approvals for pathogen reduction in platelets, plasma, and cryoprecipitate, aiming to improve patient outcomes in transfusion medicine.
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Analyst Views on CERS
Wall Street analysts forecast CERS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CERS is 4.50 USD with a low forecast of 4.00 USD and a high forecast of 5.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 2.320
Low
4.00
Averages
4.50
High
5.00
Current: 2.320
Low
4.00
Averages
4.50
High
5.00
About CERS
Cerus Corporation is a biomedical products company. The Company is focused on developing and commercializing the INTERCEPT Blood System to enhance blood safety. The INTERCEPT Blood System, which is based on its proprietary technology for controlling biological replication, is designed to reduce blood-borne pathogens in donated blood components intended for transfusion. Its INTERCEPT Blood System is intended for use with blood components and certain of their derivatives: platelets, plasma, red blood cells and to produce INTERCEPT Fibrinogen Complex (IFC), and pathogen reduced plasma, cryoprecipitate reduced. The INTERCEPT Blood System for Cryoprecipitation uses its plasma system to produce IFC for the treatment and control of bleeding, including massive hemorrhage, associated with fibrinogen deficiency. In addition, the INTERCEPT Blood System for Cryoprecipitation is used to produce pathogen reduced plasma, cryoprecipitate reduced.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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