Enrollment Target Met: First Wave BioPharma; Clarivate and Crane NXT Garner Positive Ratings
- June 13th, 2023
- 250 views
First Wave BioPharma, Inc. (Nasdaq: FWBI) has successfully reached its enrollment target in the Phase 2 SPAN clinical trial for its enhanced enteric microgranule delivery formulation of adrulipase. This trial aims to evaluate the treatment's effectiveness in addressing exocrine pancreatic insufficiency (EPI) in cystic fibrosis (CF) patients.
The primary efficacy endpoint is the coefficient of fat absorption (CFA), while secondary endpoints include stool weight, signs and symptoms of malabsorption, and coefficient of nitrogen absorption (CNA). By mid-2023, the company expects to release the topline results of the study.
Following this announcement, $FWBI is trading at $2.40, reflecting a significant increase of $1.26 or 110.52% in pre-market.
Clarivate Plc (NYSE: CLVT), a global leader in providing trusted insights and analytics to accelerate the pace of innovation, has been initiated with an Outperform rating and a price target of $11 by Oppenheimer.
With $CLVT closing at $8.28 on Monday, this price target suggests a potential upside of $2.72 or 32.85%, as per Oppenheimer's view.
Crane NXT, Co. (NYSE: CXT), a company specializing in providing advanced technology solutions for the construction industry, has also been initiated with an Outperform rating by Oppenheimer, with a price target of $70.
Based on Monday's closing price of $55.78, the price target implies a potential upside of $14.22 or 25.49% for $CXT, according to Oppenheimer's analysis.
These potential upsides reflect the projections made by brokerage firm Oppenheimer, taking into account various factors and market conditions. However, it is important for investors to exercise caution and conduct their own thorough analysis before making any investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Micron Technology, Jabil, and Birkenstock Earnings Preview: What to Expect
December 15th, 2024Upcoming Earnings: Synopsys, AeroVironment, and nCino in Focus
December 01st, 2024Countdown to Earnings: Salesforce, Marvell Technology, and Okta Take the Stage
December 01st, 2024Fluence Energy, Agilent Technologies, and Woodward Earnings On Deck: A Preview
November 24th, 2024Earnings Preview: Walt Disney, Applied Materials, and Celcuity Take Center Stage
November 11th, 2024
Member Login