H.C. Wainwright lowered the firm’s price target on BioXcel Therapeutics (BTAI) to $5 from $7 and keeps a Buy rating on the shares. The firm reduced sales forecasts for BXCL501 with the company’s strategic reprioritization focusing on clinical development and ablated commercial infrastructure.
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Read More on BTAI:
- BioXcel Therapeutics announces DOD grant to UNC to fund study of BXCL501
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- Bioxcel Therapeutics Announces Restructuring and Leadership Changes
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