Lucid Capital initiated coverage of Ovid Therapeutics (OVID) with a Buy rating and $5.50 price target The firm says Ovid is developing drugs to treat epilepsies and seizure-related neurological disorders. The company’s OV329 could capture a significant market share in drug-resistant epilepsy, reaching over $1B in sales in the U.S., five years after launch, the analyst tells investors in a research note.
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