Guggenheim analyst Etzer Darout lowered the firm’s price target on Inventiva (IVA) to $11 from $13 and keeps a Buy rating on the shares after updating the firm’s model to incorporate the announcement of $172.5M in equity financing, which the company plans to use to fund continuation of the NATiV3 Phase 3 trial, initiate the outcome trial, and for commercialization activities.
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