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Here's Why Analysts Slashed Price Targets On Fiverr Post Q1
Analysts slashed their price targets on Fiverr International Ltd (NYSE: FVRR) 
Read Why HC Wainwright Lowered Price Target On This Small Biotech Stock
U.S. marketing application filing for Cidara Therapeutics Inc's (NASDAQ: CDTX) rezafungin remains on track for mid-2022, setting up a potential early 2023…
Mizuho Remains Bullish On This Small-Cap Stock's Migraine Candidate, But Why Did It Cut Price Target
Mizuho Securities says that the Satsuma Pharmaceuticals Inc (NASDAQ: STSA) story is essentially unchanged. It remains bullish on STS101's potential as an effective,…
Why Real Good Food Shares Are Gaining Today
Real Good Food Company Inc (NASDAQ:RGF) reported first-quarter FY22 sales growth of 124% year-on-year to $37.58 million, beating the consensus of $32.47 million.…
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Why IronSource Shares Are Falling Today
IronSource Ltd (NYSE:IS) reported first-quarter FY22 revenue growth of 58% year-on-year to $189.7 million, beating the consensus of $183.6 million. The non-GAAP gross…
Coffee Company BRC Shares Slide On Q1 Miss
BRC Inc (NYSE:BRCC) reported first-quarter FY22 sales growth of 35% year-on-year to $65.84 million, missing the consensus of $71.85 million. Direct Consumer revenue…
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Read Why Did Raymond James Slash Price Target On Inflarx

By Vandana Singh
  • Raymond James remains a Strong Buy on Inflarx NV (NASDAQ: IFRX) following 1Q22 earnings based on a promising outlook for vilobelimab in Pyoderma Gangrenosum (PG) and potentially other indications. 
  • The biotech macro backdrop has forced many companies to be prudent with cash runway and prioritize clinical programs. 
  • InflaRx is also focusing on a potential pivotal trial in PG, halting (for now) hidradenitis suppurativa (HS) and ANCA vasculitis programs.
  • It is also discussing COVID data with regulators to see if Phase 3 data supports authorization. 
  • The decision extends the cash runway well into 2H 2024. The company closed the quarter with a cash balance of €99.3 million.
  • The analysts removed risk-adjusted ANCA vasculitis revenues from its model, dropping PoS in HS to 5% and adding PG (40% PoS, peak risk-adjusted revenues of $313 million). 
  • They also lowered the operating expenses based on capital conservation from halting HS and ANCA development. Collectively, the changes move the price target to $7 from $15.
  • Price Action: IFRX shares are trading at $1.46 during the market session on the last check Friday.
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Dive Deeper:
Here's Why Analysts Slashed Price Targets On Fiverr Post Q1
Analysts slashed their price targets on Fiverr International Ltd (NYSE: FVRR) 
Read Why HC Wainwright Lowered Price Target On This Small Biotech Stock
U.S. marketing application filing for Cidara Therapeutics Inc's (NASDAQ: CDTX) rezafungin remains on track for mid-2022, setting up a potential early 2023…
Mizuho Remains Bullish On This Small-Cap Stock's Migraine Candidate, But Why Did It Cut Price Target
Mizuho Securities says that the Satsuma Pharmaceuticals Inc (NASDAQ: STSA) story is essentially unchanged. It remains bullish on STS101's potential as an effective,…
Why Real Good Food Shares Are Gaining Today
Real Good Food Company Inc (NASDAQ:RGF) reported first-quarter FY22 sales growth of 124% year-on-year to $37.58 million, beating the consensus of $32.47 million.…
One subscription that gives you access to news from hundreds of sites
Why IronSource Shares Are Falling Today
IronSource Ltd (NYSE:IS) reported first-quarter FY22 revenue growth of 58% year-on-year to $189.7 million, beating the consensus of $183.6 million. The non-GAAP gross…
Coffee Company BRC Shares Slide On Q1 Miss
BRC Inc (NYSE:BRCC) reported first-quarter FY22 sales growth of 35% year-on-year to $65.84 million, missing the consensus of $71.85 million. Direct Consumer revenue…
Get all your news in one place