Maxim Group Keeps a Buy Rating on SELLAS Life Sciences Group Inc (SLS)

By Ryan Adsit

Maxim Group analyst Jason McCarthy maintained a Buy rating on SELLAS Life Sciences Group Inc (NASDAQ: SLS) today and set a price target of $5. The company’s shares opened today at $1.99, close to its 52-week low of $0.80.

McCarthy commented:

“Sellas announced final data from the triple negative breast cancer (TNBC) group in the P2b study of nelipepimut-S vaccine (NPS, NeuVax) combined with Herceptin. The data vs. Herceptin alone, continue to demonstrate improved reduction in risk of recurrence or death, and improved disease free survival (DFS), this time at median followup of over 2 years (19 mo at interim in April).”

According to, McCarthy is a 5-star analyst with an average return of 10.4% and a 46.7% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as ContraVir Pharmaceuticals Inc, Sonoma Pharmaceuticals Inc, and Aridis Pharmaceuticals Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SELLAS Life Sciences Group Inc with a $4.50 average price target.

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Based on SELLAS Life Sciences Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $8.53 million. In comparison, last year the company had a GAAP net loss of $6.08 million.

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SELLAS Life Sciences Group, Inc. operates as a clinical stage biopharmaceutical company, which focuses on the development and commercialization of novel cancer immunotherapeutic for a broad range of indications. Its product galinpepimut-S, or GPS, is an immunotherapeutic agent licensed from Memorial Sloan Kettering Cancer Center, or MSK, which targets the Wilms tumor 1, or WT1, protein. The company was founded on April 3, 2006 and is headquartered in New York, NY.