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Fly News Breaks for September 18, 2019
AXSM
Sep 18, 2019 | 07:23 EDT
William Blair analyst Myles Minter initiated coverage of Axsome Therapeutics with an Outperform rating and $48 fair value estimate. The company's lead asset AXS-05 is a combination therapy of dextromethorphan and bupropion, providing a multimodal mechanism of action with known efficacy in mood disorders, Minter tells investors in a research note. He believes Axsome's pipeline can meaningfully impact the treatment of central nervous system disorders.
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