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NervGen Pharma ( (TSE:NGEN) ) has shared an announcement.
NervGen Pharma has appointed Dr. Adam Rogers as the new chair of its board of directors following the resignation of Glenn Ives. This leadership change comes as the company reports positive topline results from its Phase 1b/2a CONNECT SCI Study, highlighting the potential of NVG-291 as a pioneering neuroreparative therapy. The company is preparing for the next phase of growth, with ongoing analysis of the chronic cohort data and continued enrollment in the subacute cohort of the trial. These developments are expected to strengthen NervGen’s position in the biotech industry and align its corporate strategy with the priorities of its stakeholders.
The most recent analyst rating on (TSE:NGEN) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on NervGen Pharma stock, see the TSE:NGEN Stock Forecast page.
Spark’s Take on TSE:NGEN Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGEN is a Neutral.
NervGen Pharma presents a high-risk, high-reward profile typical of early-stage biotech firms. Financial performance is weak due to ongoing R&D costs with no revenue, but technical indicators show positive momentum. Corporate events highlight potential upside from clinical advancements. However, the lack of earnings and reliance on financing remain significant concerns.
To see Spark’s full report on TSE:NGEN stock, click here.
More about NervGen Pharma
NervGen Pharma is a clinical-stage biotech company focused on developing innovative treatments for nervous system repair in cases of neurotrauma and neurologic disease. Their lead candidate, NVG-291, is being tested in clinical trials for spinal cord injury, and the company holds exclusive worldwide rights to this first-in-class therapeutic peptide.
Average Trading Volume: 176,361
Technical Sentiment Signal: Buy
Current Market Cap: C$250.5M
Learn more about NGEN stock on TipRanks’ Stock Analysis page.