EF Hutton initiated coverage of Clene with a Buy rating and $23 price target. Clene is a clinical stage biopharmaceutical company that develops novel therapeutic nanocatalysts for treating neurodegenerative diseases, including amyotrophic lateral sclerosis and multiple sclerosis, the analyst tells investors in a research note. The firm says the company’s lead drug candidate CNM-Au8 appears to act at a cellular level on energy production in the central nervous system, noting that it takes 12 months to visualize results.
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Read More on CLNN:
- Clene to Present at the H.C. Wainwright 26th Annual Global Investment Conference
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- Clene Reports Second Quarter 2024 Financial Results and Recent Operating Highlights
- Clene reports Q2 EPS ($1.06), consensus ($1.49)
- Clene target adjusted to $97 on reverse split at Rodman & Renshaw
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