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Iterum Therapeutics downgraded to Neutral from Buy at H.C. Wainwright

H.C. Wainwright downgraded Iterum Therapeutics (ITRM) to Neutral from Buy without a price target Despite Orlynvah’s recent launch, the company filed a petition to begin winding up procedures in Ireland, the analyst tells investors in a research note. The firm steps to the sidelines pending possible future clinical, commercial, and business development updates.

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