H.C. Wainwright analyst Joseph Pantginis downgraded IMV Inc. to Neutral from Buy without a price target after the Nova Scotia Supreme Court granted the company protection under the Companies’ Creditors Arrangement Act (CCAA) and it initiated restructuring proceedings under Chapter 15 of the U.S. bankruptcy code. The analyst awaits further updates from IMV regarding a path forward that will allow its DPX delivery technology and MVP-S to "realize their full potential."
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on IMV: