Novogen Limited (NASDAQ:NVGN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “NOVOGEN LTD-ADR business is in the area of medicine know as degenerative diseases and disorders. Novogen is addressing this urgent area of medical need through the Novogen isoflavonoid technology platform – a platform that the Company believes offers the real prospect of not only treating, but also preventing, the onset of these common degenerative conditions. There are three divisions at Novagen: the pharmaceutical division, Marshall Edwards inc., and the consumer health division. “

Separately, ValuEngine raised shares of Novogen Limited from a “sell” rating to a “hold” rating in a report on Friday, July 14th.

Novogen Limited (NASDAQ NVGN) opened at 3.06 on Tuesday. The stock’s market cap is $14.79 million. Novogen Limited has a 1-year low of $0.80 and a 1-year high of $9.76. The stock has a 50 day moving average of $3.19 and a 200 day moving average of $1.68.

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About Novogen Limited

Novogen Limited (Novogen) is an oncology biotechnology company, which is focused on developing cancer treatments. The Company is primarily engaged in pharmaceutical research and development. Novogen has two drug technology platforms (the Superbenzopyran (SBP) technology and Anti-tropomyosin (ATM)) yielding various drug candidates across a range of oncology indications.

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