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Stock impact report

Athira Pharma downgraded at JMP after Alzheimer’s setback [Seeking Alpha]

Athira Pharma, Inc. (ATHA) 
Company Research Source: Seeking Alpha
Athira Pharma downgraded at JMP after Alzheimerâ??s setbackJun. 23, 2022 2:34 PM ETAthira Pharma, Inc. (ATHA)By:Dulan LokuwithanaSA News Editoraluxum/E+ via Getty ImagesJMP Securities lowered its rating on Athira Pharma (NASDAQ:mild-to-moderate Alzheimerâ??s disease (AD).While the company noted an improvement of certain clinical parameters in a pre-specified subgroup analysis of patients, the JMP analysts led by Jason N. Butler questioned the reproducibility of the effect.Hovering more than 40% below the firmâ??s estimate of cash for the end of 2Q 2022, Athiraâ??s (â??The risk/reward profile for the stock is highly positively skewed should the subgroup findings be replicated in the LIFT-AD trial,â? the analysts added, referring to an ongoing late-stage trial for fosgonimeton in mild-to-moderate Alzheimerâ??s.However, additional visibility is required on plans/timing of LIFT-AD to become more constructive on the stock, according to analysts. â??â?¦.Management has committed to providin Show less Read more
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