Goldman Sachs suspended the firm’s rating on Gritstone bio citing insufficient information on which to base an investment view aa result of the “going concern” warning. The analyst anticipates access to capital from either a loan agreement or dilutive financing will be necessary to support the company’s ongoing clinical program for GRANITE.
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Read More on GRTS:
- Gritstone downgraded to Hold from Buy at JonesResearch
- Gritstone downgraded at B. Riley on near-term balance sheet uncertainty
- Gritstone downgraded to Neutral from Buy at B. Riley
- Gritstone downgraded to Neutral from Buy at H.C. Wainwright
- Gritstone downgraded to Market Perform from Outperform at JMP Securities
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