Rodman & Renshaw analyst Elemer Piros initiated coverage of Mira Pharmaceuticals with a Buy rating and $17 price target. Mira is developing next-generation, orally available ketamine and medicinal marijuana derivatives, notes the analyst, whose Buy thesis is based on the firm’s view of the potential future cash flows from the company’s Ketamir-2 program and its assessment of the probability of its success.
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Read More on MIRA:
- Mira Pharmaceuticals presents preclinical data for Ketamir-2
- Mira Pharmaceuticals advances Ketamir-2 development
- MIRA designates neuropathic pain as primary indication for Ketamir-2
- MIRA says it achieves 100% reversal of neuropathic pain with oral Ketamir-2
- Mira Pharmaceuticals provides update on preparing IND submission