Roth Capital initiated coverage of LB Pharmaceuticals (LBRX) with a Buy rating and $31 price target The company’s LB-102, a Phase 3-ready schizophrenia agent, had “robust” Phase 2 data and its strong cash position set the stage for a Phase 3 initiation in Q1, the analyst tells investors in a research note. Roth says LB’s has a “significantly de-risked approach” to treating schizophrenia.
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