2020-04-22 07:21:27 CARA Cara Therapeutics
04/22/20 04/2207:21 04/22/2007:21 | Cara Therapeutics price target raised to $34 from $26 at Cantor FitzgeraldCantor Fitzgerald analyst Charles Duncan raised the firm's price target on Cara Therapeutics to $34 from $26 and keeps an Overweight rating on the shares following announcement of KALM-2 Phase 3 results, saying he believes there is reduced regulatory and commercial risk going forward, in addition to the largely eliminated clinical risk with IV KORSUVA. Duncan tells investors in a research note that he believes the KALM-2 data, coupled with KALM-1 study, clearly supports marketing approval filings as the primary/secondary efficacy endpoints were statistically significant. | |
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