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CYCN

Cyclerion Therapeutics

$8.73

0.31 (3.68%)

08:28
08/12/19
08/12
08:28
08/12/19
08:28

Cyclerion Therapeutics expects proceeds to fund operations through 1Q21

On April 2, 2019, approximately $165 million net proceeds were received from a private placement financing that are expected to fund operations through at least the first quarter of 2021. Cyclerion ended the second quarter of 2019 with approximately $148.8 million of cash, cash equivalents and restricted cash. There was no cash specifically attributable to Cyclerion prior to the second quarter of 2019.

  • 12

    Aug

CYCN Cyclerion Therapeutics
$8.73

0.31 (3.68%)

06/03/19
FBCO
06/03/19
INITIATION
Target $15
FBCO
Neutral
Cyclerion Therapeutics initiated with a Neutral at Credit Suisse
Credit Suisse analyst Martin Auster started coverage of Cyclerion Therapeutics with a Neutral rating and a $15 price target. The analyst believes that targeting difficult-to-treat diseases balanced by large commercial opportunities leads to high optionality in next 12-18 Months. The company's lead asset, olinciguat, is being studied in a Phase 2 to treat Sickle Cell Disease, he adds, noting that data supporting this approach in different diseases has been mixed.

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