Chardan initiated coverage of Praxis Precision (PRAX) with a Buy rating and $80 price target The firm cites the potential of the company’s epilepsy franchise for the Buy rating. Praxis Precision’s lead asset ulixacaltamide recently failed the interim analysis of the Phase 3 essential tremor program, but the focus has now shifted to it epilepsy franchise, which has multiple products entering late-stage studies, the analyst tells investors in a research note.
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