Needham raised the firm’s price target on Neumora Therapeutics (NMRA) to $8 from $6 and keeps a Buy rating on the shares. The firm is more positive on Neumora following its R&D Investor Event which underscored its broad pipeline beyond navacaprant leveraging best in class pharmacology, and brain penetrant chemistry, targeting novel mechanisms with potential to improve current standard of care, the analyst tells investors in a research note.
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