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Fly News Breaks for October 3, 2019
GLW, KOOL
Oct 3, 2019 | 05:04 EDT
H.C. Wainwright analyst Swayampakula Ramakanth (KOOL) raised his price target for Cesca Therapeutics to $7.50 from $6.50 after the company announced the receipt of a $2M upfront payment from Corning (GLW) as part of the distribution agreement between the companies. The Corning agreement is a "major positive" for Cesca and could significantly increase the adoption of CAR-TXpress systems, Ramakanth tells investors in a research note. He reiterates a Buy rating on Cesca Therapeutics.
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