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Fly News Breaks for January 9, 2020
KRTX
Jan 9, 2020 | 08:59 EDT
JMP Securities analyst Jason Butler initiated coverage of Karuna Therapeutics with an Outperform rating and $122 price target, citing his view that Karuna's lead candidate KarXT can be "a truly novel and differentiated" treatment for schizophrenia and other neuropsychiatric disorders. Previously reported Phase 2 results for KarXT in schizophrenia were "very strong" and he expects KarXT to advance into later-stage development is dementia-related psychoses next, Butler tells investors.
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