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Stock impact report

Piper Sandler Highlights Century Therapeutics (IPSC) Cash Runway Through 2029, Upcoming IND Submission [Yahoo! Finance]

Century Therapeutics, Inc. (IPSC) 
Company Research Source: Yahoo! Finance
increased its price target for Century Therapeutics to $4 from $2 with an Overweight rating, citing the company's plan to submit an IND for CNTY-813 this year and deliver initial data by 2027. Additionally, the firm highlighted Century's strong financial position, estimating a pro forma cash balance of approximately $267 million that is expected to fund operations through Q1 2029. Earlier on January 8, Clear Street analyst Bill Maughan reduced the price target for Century Therapeutics Inc. (NASDAQ:IPSC) to $6.60 from $8 while keeping a Buy rating. Maughan noted that a recent private placement extends the company's cash runway into Q1 2029, providing sufficient time to realize the full potential of its lead asset, CNTY-813, without requiring immediate additional capital. While the price target was lowered by Clear Street to account for dilution from the capital raise, the firm also emphasized that this was partially offset by an increased likelihood of pipeline success and higher p Show less Read more
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