Umbrella Research Initiates Coverage on TNI BioTech, Inc. (TNIB) and Sets $26 Price Target
Earlier today, TNI BioTech, a biotech company focused on utilizing patented immunotherapy to activate and mobilize the body’s immune system to combat fatal diseases, announced that Umbrella Research is now covering the company with a “buy” rating and $26 price target. The entire 33-page report has been posted on the company’s Web site at http://www.tnibiotech.com/investor-relations/reports The following is an excerpt of the report: “It is our opinion that TNI presents investors with significant upside from current prices based on a two-fold growth strategy including: the near term commercialization of its existing immunotherapies targeting cancer and HIV/AIDS; coupled with the potential…