Healthcare Market Updates | BioTuesdays by Kilmer Lucas IR

Markets

Analysts start Rani Therapeutics at buy; PT $24

Analysts for Stifel and BTIG launched coverage of Rani Therapeutics (NASDAQ:RANI) with “buy” ratings and price targets of $24, respectively. The stock closed at $17.76 on Aug. 24. “Rani appears to have cracked the...

August 25, 2021

Markets

Analysts start RxSight at buy

Analysts for BTIG and SVB Leerink launched coverage of RxSight (NASDAQ:RXST) with “buy” ratings and price targets of $28 and $20, respectively. The stock closed at $11.94 on Aug. 23. RxSight has developed the Light...

August 24, 2021

Markets

WB starts Icosavax at outperform

William Blair launched coverage of Icosavax (NASDAQ:ICVX) with an “outperform” rating. The stock closed at $34.09 on Aug. 20. “We believe Icosavax stands to benefit from both the medical and investment communities’...

August 23, 2021

Markets

HCW starts IVERIC Bio at buy; PT $20

H.C. Wainwright launched coverage of IVERIC Bio (NASDAQ:ISEE) with a “buy” rating and price target of $20. The stock closed at $9.07 on Aug. 18. Analyst Matthew Caufield writes that IVERIC’s retinal platform...

August 19, 2021

Markets

AGP cuts IMAC to neutral; PT to $1.75 from $2.35

Alliance Global Partners downgraded IMAC Holdings (NASDAQ:IMAC) to “neutral” and reduced its price target to $1.75 from $2.35 after the Center for Medicare and Medicaid Services (CMS) requested repayment of $2.9-million...

August 19, 2021

Markets

SVB Leerink starts Amryt Pharma at OP: PT $22

SVB Leerink initiated coverage of Amryt Pharma PLC (NASDAQ:AMYT) with an “outperform” rating and price target of $22. Analyst Mani Foroohar, M.D., writes that Amryt’s model of acquiring niche commercial or near...

August 19, 2021

Markets

Cantor starts Portage Biotech at OW; PT $35

Cantor Fitzgerald launched coverage of Portage Biotech (NASDAQ:PRTG) with an “overweight” rating and $35 price target. The stock closed at $18.95 on Aug. 18. Portage Biotech is a clinical biopharmaceutical company...

August 19, 2021

Markets

Cantor ups MedMen Enterprises to neutral from underweight; PT 30 cents

Cantor Fitzgerald upgraded MedMen Enterprises (OTCQB:MMNFF) to a “neutral” rating from “underweight” with a new price target of 30 cents after Tilray (NASDAQ:TLRY) purchased a 21% contingent stake in MedMen for $118...

August 18, 2021

Markets

Echelon ups Diagnos PT to $1.55 (Canadian); maintains top pick

Echelon Capital Markets raised its price target for Diagnos (TSXV:ADK) to $1.55 (Canadian) from 95 cents after it signed a memorandum of understanding (MoU) for a potential worldwide distribution agreement for its CARA...

August 17, 2021

Markets

Raymond James ups HLS Therapeutics to OP; PT to $26 (Canadian)

Raymond James upgraded HLS Therapeutics (TSX:HLS) to “outperform” from “market perform” and raised its price target to $26 (Canadian) from $24 after Pfizer agreed to co-market HLS’s cardiovascular drug...

August 16, 2021

Markets

SVB Leerink ups Travere Therapeutics PT to $37 from $27

SVB Leerink raised its price target for Travere Therapeutics (NASDAQ:TVTX) to $37 from $27 and maintained an “outperform” rating after the company reported interim data from the Phase 3 PROTECT study with sparsentan in...

August 16, 2021

Markets

HCW cuts Sesen Bio to neutral; withdraws PT

H.C. Wainwright downgraded Sesen Bio (NASDAQ:SESN) to “neutral” from “buy” and removed its price target after the company on Aug. 13 received a complete response letter from the FDA. The stock closed at $2.11 on Aug. 13...

August 16, 2021

Markets

SVB Leerink starts RAPT Therapeutics at OP; PT $49

SVB Leerink launched coverage of RAPT Therapeutics (NASDAQ:RAPT) with an “outperform” rating and a $49 price target. The stock closed at $33.07 on Aug. 11. RAPT is a clinical-stage biopharmaceutical company developing...

August 12, 2021

Markets

WB starts Sera Prognostics at OP

William Blair launched coverage of Sera Prognostics (NASDAQ:SERA), a pregnancy diagnostics company, with an “outperform” rating. The stock closed at $12.85 on Aug. 6. Analyst Brian Weinstein writes that the current rate...

August 9, 2021

Markets

BTIG starts CTI Biopharma at buy; PT $7

BTIG initiated coverage of CTI Biopharma (NASDAQ:CTIC) with a “buy” rating and price target of $7. The stock closed at $2.80 on Aug. 6. CTI is a biotechnology company engaged in the development of therapeutics for blood...

August 9, 2021

Markets

Maxim transfers coverage of Cardiff Oncology at buy; PT $20

Maxim Group transferred coverage of Cardiff Oncology (NASDAQ:CRDF) to analyst Naureen Quibria, Ph.D., with a “buy” rating and $20 price target. The stock closed at $5.76 on Aug. 6. Cardiff’s PLK inhibitor, onvansertib...

August 9, 2021

Markets

HCW ups BeyondSpring to buy from neutral; PT $100

H.C. Wainwright upgraded BeyondSpring (NASDAQ:BYSI) to “buy” from “neutral” with a price target of $100 after the company reported positive topline results from its DUBLIN-3 registrational trial of plinabulin in...

August 4, 2021

Markets

Ladenburg starts Immutep at buy; PT $8.30

Ladenburg Thalmann launched coverage of Immutep of Australia (NASDAQ:IMMP) with a “buy” rating and $8.30. The stock closed at $3.46 0n Aug. 2. Immutep is a clinical-stage immuno-oncology company focused on developing...

August 3, 2021

Markets

111 Inc. named to top 10 leaders of China’s new pharma retail industry

111 Inc. (NASDAQ:YI), a leading tech-enabled healthcare platform company committed to digitally connecting patients with medicine and healthcare services in China, was named as one of the top 10 leaders of China’s new...

July 30, 2021

Markets

BTIG cuts Misonix to neutral on proposed acquisition by Bioventus

BTIG downgraded Misonix (NASDAQ:MSON) to “neutral” on a pending acquisition by Bioventus. Under the accord, Misonix shareholders would receive either 1.6839 shares of Bioventus common stock or $28 for each share held...

July 30, 2021

Markets

Cantor halves Ardelyx PT to $7 from $14; maintains OW rating

Cantor Fitzgerald slashed its price target for Ardelyx (NASDAQ:ARDX) to $7 from $14 after the company received a complete response letter from the FDA for its NDA for tenapanor to control serum phosphorus in adult...

July 30, 2021

Markets

Cantor starts Nyxoah at OW; PT $43

Cantor Fitzgerald initiated coverage of Nyxoah SA (NASDAQ:NYXH) with an “overweight” rating and 12-month price target of $43, citing the company’s “pipeline and uniquely differentiated product”. The stock closed at $32...

July 28, 2021

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