Roth Capital lowered the firm’s price target on PolyPid (PYPD) to $9 from $12 and keeps a Buy rating on the shares. The firm is updating its model after the company has executed a new financing agreement that will infuse $27M worth of cash into its coffers, allowing PolyPid to schedule a pre-NDA, New Drug Application, meeting with the FDA in the coming months and potentially file the D-PLEX100 NDA in the first half of 2026, the analyst tells investors in a research note.
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Read More on PYPD:
- PolyPid price target lowered to $9 from $12 at Roth Capital
- PolyPid Secures $26.7 Million Post-Successful Phase 3 Trial
- PolyPid price target lowered to $14 from $16 at Citizens JMP
- PolyPid price target raised to $13 from $11 at H.C. Wainwright
- PolyPid’s D-PLEX100: Compelling Phase 3 Results and Strong Commercial Prospects Justify Buy Rating