Wedbush lowered the firm’s price target on Astria Therapeutics to $18 from $25 and keeps an Outperform rating on the shares. Astria made concurrent strategic moves with the in-licensing of an OX40 portfolio including STAR-0310 from Ichnos Sciences, and a $64M secondary offering, the analyst tells investors in a research note. The firm is encouraged that ALPHA-STAR data remains on track for mid-2024.
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