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Recommendations
Karuna Therapeutics price target raised to $274 from $270 at Mizuho » 06:43
05/08/23
05/08
06:43
05/08/23
06:43
KRTX

Karuna Therapeutics

$220.09 /

+13.785 (+6.68%)

Mizuho analyst Graig…

Mizuho analyst Graig Suvannavejh raised the firm's price target on Karuna Therapeutics to $274 from $270 and keeps a Buy rating on the shares. The analyst updated the company's model post the Q1 results.

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KRTX Karuna Therapeutics
$220.09 /

+13.785 (+6.68%)

KRTX Karuna Therapeutics
$220.09 /

+13.785 (+6.68%)

03/28/23 H.C. Wainwright
Karuna Therapeutics price target lowered to $300 from $320 at H.C. Wainwright
03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
KRTX Karuna Therapeutics
$220.09 /

+13.785 (+6.68%)

  • 22
    Mar
  • 10
    Aug
KRTX Karuna Therapeutics
$220.09 /

+13.785 (+6.68%)

Over a month ago
Hot Stocks
Karuna Therapeutics sees cash, securities, sufficient through end of 2026  06:44
05/04/23
05/04
06:44
05/04/23
06:44
KRTX

Karuna Therapeutics

$210.46 /

+8.62 (+4.27%)

 
ShowHide Related Items >><<
KRTX Karuna Therapeutics
$210.46 /

+8.62 (+4.27%)

KRTX Karuna Therapeutics
$210.46 /

+8.62 (+4.27%)

03/28/23 H.C. Wainwright
Karuna Therapeutics price target lowered to $300 from $320 at H.C. Wainwright
03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
KRTX Karuna Therapeutics
$210.46 /

+8.62 (+4.27%)

  • 22
    Mar
  • 10
    Aug
KRTX Karuna Therapeutics
$210.46 /

+8.62 (+4.27%)

Earnings
Karuna Therapeutics reports Q1 EPS , consensus ($2.73) » 06:43
05/04/23
05/04
06:43
05/04/23
06:43
KRTX

Karuna Therapeutics

$210.46 /

+8.62 (+4.27%)

Reports Q1 revenue $654K…

Reports Q1 revenue $654K vs. no revenue last year. "We've had a very strong start to the year," said Bill Meury, CEO. "We announced positive data from EMERGENT-3, our third consecutive registrational trial of KarXT in schizophrenia, which further reinforces KarXT's potential to be a completely novel and differentiated treatment for people living with schizophrenia. On the regulatory front, we remain on track to submit our NDA mid-year - specifically the third quarter - following an encouraging pre-NDA meeting with the FDA last month. We've also made significant progress advancing EMERGENT-4 and 5, our Phase 3 open-label trials evaluating the long-term safety of KarXT in schizophrenia, which will provide valuable information for both the NDA and medical education pre- and post-launch, with data to share next year. As we continue to build the infrastructure to support the potential commercialization of KarXT in schizophrenia, we maintain a sharp focus on the execution of our ARISE program evaluating KarXT as an adjunctive treatment for schizophrenia, with anticipated topline data from the Phase 3 ARISE trial in the second half of 2024, as we activate additional sites to support recruitment in the study. ---Beyond KarXT, we continue to grow our pipeline both organically and inorganically, most notably with our exclusive global in-license agreement for TRPC4/5 inhibitors for the treatment of mood and anxiety disorders announced in February, and we look forward to sharing next steps in the program later this year."

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KRTX Karuna Therapeutics
$210.46 /

+8.62 (+4.27%)

KRTX Karuna Therapeutics
$210.46 /

+8.62 (+4.27%)

03/28/23 H.C. Wainwright
Karuna Therapeutics price target lowered to $300 from $320 at H.C. Wainwright
03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
KRTX Karuna Therapeutics
$210.46 /

+8.62 (+4.27%)

  • 22
    Mar
  • 10
    Aug
KRTX Karuna Therapeutics
$210.46 /

+8.62 (+4.27%)

Recommendations
Karuna Therapeutics price target lowered to $300 from $320 at H.C. Wainwright » 06:14
03/28/23
03/28
06:14
03/28/23
06:14
KRTX

Karuna Therapeutics

$185.71 /

+3.58 (+1.97%)

H.C. Wainwright analyst…

H.C. Wainwright analyst Raghuram Selvaraju lowered the firm's price target on Karuna Therapeutics to $300 from $320 and keeps a Buy rating on the shares. The analyst expects Karuna to file for approval of KarXT in mid-2023, with possible approval in the second half of 2024. It cites equity dilution for the target drop.

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KRTX Karuna Therapeutics
$185.71 /

+3.58 (+1.97%)

KRTX Karuna Therapeutics
$185.71 /

+3.58 (+1.97%)

03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
01/27/23 UBS
Karuna Therapeutics initiated with a Neutral at UBS
KRTX Karuna Therapeutics
$185.71 /

+3.58 (+1.97%)

  • 22
    Mar
  • 10
    Aug
KRTX Karuna Therapeutics
$185.71 /

+3.58 (+1.97%)

On The Fly
Biotech Alert: Searches spiking for these stocks today » 10:50
03/24/23
03/24
10:50
03/24/23
10:50
CDTX

Cidara Therapeutics

$1.25 /

-0.19 (-13.19%)

, APTX

Aptinyx

/

+

, MCRB

Seres Therapeutics

$5.64 /

-0.045 (-0.79%)

, ARRY

Array Technologies

$19.10 /

-0.71 (-3.58%)

, KRTX

Karuna Therapeutics

$175.73 /

-0.28 (-0.16%)

, RPRX

Royalty Pharma

$34.74 /

-0.07 (-0.20%)

, PRTC

PureTech Health

$27.65 /

-0.09 (-0.32%)

These names in the…

ShowHide Related Items >><<
RPRX Royalty Pharma
$34.74 /

-0.07 (-0.20%)

PRTC PureTech Health
$27.65 /

-0.09 (-0.32%)

MCRB Seres Therapeutics
$5.64 /

-0.045 (-0.79%)

KRTX Karuna Therapeutics
$175.73 /

-0.28 (-0.16%)

CDTX Cidara Therapeutics
$1.25 /

-0.19 (-13.19%)

ARRY Array Technologies
$19.10 /

-0.71 (-3.58%)

APTX Aptinyx
/

+

CDTX Cidara Therapeutics
$1.25 /

-0.19 (-13.19%)

03/21/23 Cantor Fitzgerald
Cantor reiterates Overweight ratings on anti-fungal stocks Cidara, Scynexis
01/25/23 H.C. Wainwright
Cidara panel vote greatly increases approval chances, says H.C. Wainwright
05/12/22 H.C. Wainwright
Cidara Therapeutics price target lowered to $6 from $7.50 at H.C. Wainwright
APTX Aptinyx
/

+

03/07/23 H.C. Wainwright
Aptinyx downgraded to Neutral from Buy at H.C. Wainwright
03/01/23 SVB Securities
SVB Securities downgrades Aptinyx to Market Perform, lowers price target to 50c
03/01/23 SVB Securities
Aptinyx downgraded to Market Perform from Outperform at SVB Securities
08/26/22 H.C. Wainwright
Aptinyx price target lowered to $1 from $2 at H.C. Wainwright
MCRB Seres Therapeutics
$5.64 /

-0.045 (-0.79%)

03/21/23 Canaccord
Seres Therapeutics price target raised to $15 from $11 at Canaccord
03/08/23 Canaccord
Seres Therapeutics price target lowered to $11 from $17 at Canaccord
12/20/22 Piper Sandler
Piper recommends 'down market cap' biotech exposure for 2023
12/20/22 Piper Sandler
Piper Sandler names three top biotechnology picks for 2023
ARRY Array Technologies
$19.10 /

-0.71 (-3.58%)

03/22/23 Guggenheim
Array Technologies price target lowered to $35 from $36 at Guggenheim
03/09/23 Citi
Array Technologies initiated with a Neutral at Citi
03/07/23 Piper Sandler
Array Technologies price target lowered to $26 from $28 at Piper Sandler
03/01/23 Scotiabank
Array Technologies initiated with an Outperform at Scotiabank
KRTX Karuna Therapeutics
$175.73 /

-0.28 (-0.16%)

03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
01/27/23 UBS
Karuna Therapeutics initiated with a Neutral at UBS
RPRX Royalty Pharma
$34.74 /

-0.07 (-0.20%)

09/06/22 Morgan Stanley
Biogen named a 'Catalyst Driven Idea' at Morgan Stanley
07/28/22 Citi
Royalty Pharma price target raised to $60 from $50 at Citi
07/14/22 Tigress Financial
Royalty Pharma price target raised to $57 from $52 at Tigress Financial
06/13/22 UBS
Royalty Pharma initiated with a Buy at UBS
PRTC PureTech Health
$27.65 /

-0.09 (-0.32%)

08/26/22 Piper Sandler
PureTech Health price target raised to $44 from $37 at Piper Sandler
08/25/22 Piper Sandler
PureTech Health price target raised to $44 from $37 at Piper Sandler
06/14/22 Piper Sandler
PureTech Health price target lowered to $37 from $72 at Piper Sandler
RPRX Royalty Pharma
$34.74 /

-0.07 (-0.20%)

MCRB Seres Therapeutics
$5.64 /

-0.045 (-0.79%)

KRTX Karuna Therapeutics
$175.73 /

-0.28 (-0.16%)

CDTX Cidara Therapeutics
$1.25 /

-0.19 (-13.19%)

ARRY Array Technologies
$19.10 /

-0.71 (-3.58%)

APTX Aptinyx
/

+

  • 22
    Mar
  • 03
    Mar
  • 10
    Aug
PRTC PureTech Health
$27.65 /

-0.09 (-0.32%)

ARRY Array Technologies
$19.10 /

-0.71 (-3.58%)

RPRX Royalty Pharma
$34.74 /

-0.07 (-0.20%)

MCRB Seres Therapeutics
$5.64 /

-0.045 (-0.79%)

KRTX Karuna Therapeutics
$175.73 /

-0.28 (-0.16%)

CDTX Cidara Therapeutics
$1.25 /

-0.19 (-13.19%)

ARRY Array Technologies
$19.10 /

-0.71 (-3.58%)

CDTX Cidara Therapeutics
$1.25 /

-0.19 (-13.19%)

ARRY Array Technologies
$19.10 /

-0.71 (-3.58%)

Hot Stocks
Royalty Pharma acquires interest in PureTech's royalty in Karuna's KarXT » 07:09
03/23/23
03/23
07:09
03/23/23
07:09
RPRX

Royalty Pharma

$34.87 /

-0.305 (-0.87%)

, PRTC

PureTech Health

$25.00 /

-1.7 (-6.37%)

, KRTX

Karuna Therapeutics

$169.57 /

+8.375 (+5.20%)

Royalty Pharma (RPRX) and…

Royalty Pharma (RPRX) and PureTech Health (PRTC) announced that Royalty Pharma has acquired an interest in PureTech's royalty in Karuna Therapeutics' (KRTX) KarXT for up to $500M with $100M in cash up front and up to $400M in additional payments contingent on the achievement of certain regulatory and commercial milestones. As part of this transaction, PureTech has sold its right to receive a 3% royalty from Karuna to Royalty Pharma on sales up to $2 billion annually, after which threshold Royalty Pharma will receive 33% and PureTech will retain 67% of the royalty payments. PureTech retains its 3.1% equity ownership in Karuna1. Additionally, under its license agreement with Karuna, PureTech retains the right to receive milestone payments upon the achievement of certain regulatory approvals and 20% of sublicense income.

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RPRX Royalty Pharma
$34.87 /

-0.305 (-0.87%)

PRTC PureTech Health
$25.00 /

-1.7 (-6.37%)

KRTX Karuna Therapeutics
$169.57 /

+8.375 (+5.20%)

RPRX Royalty Pharma
$34.87 /

-0.305 (-0.87%)

09/06/22 Morgan Stanley
Biogen named a 'Catalyst Driven Idea' at Morgan Stanley
07/28/22 Citi
Royalty Pharma price target raised to $60 from $50 at Citi
07/14/22 Tigress Financial
Royalty Pharma price target raised to $57 from $52 at Tigress Financial
06/13/22 UBS
Royalty Pharma initiated with a Buy at UBS
PRTC PureTech Health
$25.00 /

-1.7 (-6.37%)

08/26/22 Piper Sandler
PureTech Health price target raised to $44 from $37 at Piper Sandler
08/25/22 Piper Sandler
PureTech Health price target raised to $44 from $37 at Piper Sandler
06/14/22 Piper Sandler
PureTech Health price target lowered to $37 from $72 at Piper Sandler
KRTX Karuna Therapeutics
$169.57 /

+8.375 (+5.20%)

03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
01/27/23 UBS
Karuna Therapeutics initiated with a Neutral at UBS
RPRX Royalty Pharma
$34.87 /

-0.305 (-0.87%)

KRTX Karuna Therapeutics
$169.57 /

+8.375 (+5.20%)

  • 22
    Mar
  • 10
    Aug
PRTC PureTech Health
$25.00 /

-1.7 (-6.37%)

RPRX Royalty Pharma
$34.87 /

-0.305 (-0.87%)

KRTX Karuna Therapeutics
$169.57 /

+8.375 (+5.20%)

On The Fly
Biotech Alert: Searches spiking for these stocks today » 10:37
03/22/23
03/22
10:37
03/22/23
10:37
CNTB

Connect Biopharma

$1.11 /

-0.06 (-5.13%)

, KRTX

Karuna Therapeutics

$177.46 /

+16.265 (+10.09%)

, IBIO

iBio

$2.38 /

-0.085 (-3.45%)

, ACER

Acer Therapeutics

/

+

These names in the…

ShowHide Related Items >><<
KRTX Karuna Therapeutics
$177.46 /

+16.265 (+10.09%)

IBIO iBio
$2.38 /

-0.085 (-3.45%)

CNTB Connect Biopharma
$1.11 /

-0.06 (-5.13%)

ACER Acer Therapeutics
/

+

CNTB Connect Biopharma
$1.11 /

-0.06 (-5.13%)

09/14/22 Piper Sandler
Connect Biopharma price target raised to $1.75 from $1.50 at Piper Sandler
06/02/22 Cantor Fitzgerald
Connect Biopharma initiated with an Overweight at Cantor Fitzgerald
05/05/22 Piper Sandler
Connect Biopharma downgraded to Neutral from Overweight at Piper Sandler
KRTX Karuna Therapeutics
$177.46 /

+16.265 (+10.09%)

03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
01/27/23 UBS
Karuna Therapeutics initiated with a Neutral at UBS
IBIO iBio
$2.38 /

-0.085 (-3.45%)

02/15/23 JMP Securities
iBio downgraded to Market Perform at JMP on CDMO and IBIO-101 questions
02/15/23 JMP Securities
iBio downgraded to Market Perform from Outperform at JMP Securities
10/06/22 Cantor Fitzgerald
iBio downgraded to Neutral from Overweight at Cantor Fitzgerald
ACER Acer Therapeutics
/

+

KRTX Karuna Therapeutics
$177.46 /

+16.265 (+10.09%)

IBIO iBio
$2.38 /

-0.085 (-3.45%)

ACER Acer Therapeutics
/

+

  • 22
    Mar
  • 07
    Dec
  • 10
    Aug
KRTX Karuna Therapeutics
$177.46 /

+16.265 (+10.09%)

IBIO iBio
$2.38 /

-0.085 (-3.45%)

CNTB Connect Biopharma
$1.11 /

-0.06 (-5.13%)

ACER Acer Therapeutics
/

+

IBIO iBio
$2.38 /

-0.085 (-3.45%)

Syndicate
Karuna Therapeutics 2.48M share Secondary priced at $161.33 » 20:26
03/21/23
03/21
20:26
03/21/23
20:26
KRTX

Karuna Therapeutics

$161.19 /

-21.09 (-11.57%)

The deal priced at last…

The deal priced at last closing price of $161.33. Goldman Sachs is acting as lead book running manager for the offering.

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KRTX Karuna Therapeutics
$161.19 /

-21.09 (-11.57%)

KRTX Karuna Therapeutics
$161.19 /

-21.09 (-11.57%)

03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
01/27/23 UBS
Karuna Therapeutics initiated with a Neutral at UBS
KRTX Karuna Therapeutics
$161.19 /

-21.09 (-11.57%)

  • 22
    Mar
  • 10
    Aug
KRTX Karuna Therapeutics
$161.19 /

-21.09 (-11.57%)

Syndicate
Karuna Therapeutics announces $400M offering of common stock » 16:44
03/20/23
03/20
16:44
03/20/23
16:44
KRTX

Karuna Therapeutics

$182.28 /

-9.01 (-4.71%)

Karuna Therapeutics…

Karuna Therapeutics announced that it has commenced an underwritten public offering of $400M of its common stock. Goldman Sachs & Co., J.P. Morgan Securities, and Morgan Stanley & Co. are acting as joint book-running managers for the offering.

ShowHide Related Items >><<
KRTX Karuna Therapeutics
$182.28 /

-9.01 (-4.71%)

KRTX Karuna Therapeutics
$182.28 /

-9.01 (-4.71%)

03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
01/27/23 UBS
Karuna Therapeutics initiated with a Neutral at UBS
KRTX Karuna Therapeutics
$182.28 /

-9.01 (-4.71%)

  • 10
    Aug
KRTX Karuna Therapeutics
$182.28 /

-9.01 (-4.71%)

Hot Stocks
Karuna Therapeutics announces 'positive' results from Phase 3 EMERGENT-3 trial » 06:34
03/20/23
03/20
06:34
03/20/23
06:34
KRTX

Karuna Therapeutics

$191.61 /

+2.27 (+1.20%)

Karuna Therapeutics…

Karuna Therapeutics announced positive topline results from its Phase 3 EMERGENT-3 trial evaluating the efficacy, safety, and tolerability of its lead investigational therapy, KarXT in adults with schizophrenia. The trial met its primary endpoint, with KarXT demonstrating a statistically significant and clinically meaningful 8.4-point reduction in Positive and Negative Syndrome Scale total score compared to placebo at Week 5. Consistent with prior trials, KarXT demonstrated an early and sustained statistically significant reduction of symptoms from Week 2 through the end of the trial as assessed by PANSS total score. The NDA submission for KarXT in schizophrenia will incorporate the efficacy and safety data from the three placebo-controlled registrational trials, EMERGENT-1, EMERGENT-2, and EMERGENT-3, in addition to long-term safety data from the ongoing EMERGENT-4 and EMERGENT-5 trials. The company is on track to submit an NDA to the FDA in mid-2023, with a potential launch in the second half of 2024, if approved.

ShowHide Related Items >><<
KRTX Karuna Therapeutics
$191.61 /

+2.27 (+1.20%)

KRTX Karuna Therapeutics
$191.61 /

+2.27 (+1.20%)

03/08/23 Cantor Fitzgerald
Karuna initiated with Neutral, $214 target at Cantor Fitzgerald
03/07/23 Cantor Fitzgerald
Karuna Therapeutics initiated with a Neutral at Cantor Fitzgerald
03/02/23 Wells Fargo
Karuna Therapeutics price target lowered to $257 from $262 at Wells Fargo
01/27/23 UBS
Karuna Therapeutics initiated with a Neutral at UBS
KRTX Karuna Therapeutics
$191.61 /

+2.27 (+1.20%)

  • 10
    Aug
KRTX Karuna Therapeutics
$191.61 /

+2.27 (+1.20%)

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