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Stock impact report

B. Riley Lifts Ovid Therapeutics (OVID) PT to $5 on Strong OV329 Phase 1 Data [Yahoo! Finance]

Ovid Therapeutics Inc. (OVID) 
Last ovid therapeutics inc. earnings: 3/11 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.ovidrx.com
Company Research Source: Yahoo! Finance
Riley raised the firm's price target on Ovid Therapeutics to $5 from $3 and kept a Buy rating on the shares. This price target lift came as a result of strong Phase 1 biomarker results for OV329, as the analyst reported. The results showed superior efficacy compared to vigabatrin, notably without the associated ocular toxicity. B. Riley Lifts Ovid Therapeutics (OVID) PT to $5 on Strong OV329 Phase 1 Data The favorable profile supports the use of OV329 in earlier lines of treatment and has the potential to expand its market to over $700 million. Furthermore, the company's concurrent $175 million PIPE (Private Investment in Public Equity) financing strengthens the balance sheet and extends the cash runway into 2028. Ovid Therapeutics Inc. (NASDAQ:OVID) is a biopharmaceutical company that develops impactful medicines for patients and families with epilepsies and seizure-related neurological disorders in the US. While we acknowledge the potential of OVID as an investment, we belie Show less Read more
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