Chardan lowered the firm’s price target on SAB Biotherapeutics (SABS) to $12 from $20 and keeps a Buy rating on the shares after the company reported Q2 results. A recent financing will fund the potentially pivotal Phase IIb SAFEGUARD trial of SAB-142 in type I diabetes, notes the analyst, who cites dilution from the fundraising for the company’s lowered target.
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Read More on SABS:
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- SAB Biotherapeutics Secures $175M Funding, Paving Way for Phase 2b Diabetes Trial and Justifying Buy Rating
- SAB Biotherapeutics reports Q2 EPS ($1.09) vs. (79c) last year
- SAB Biotherapeutics Secures $175M Investment, Strengthening Financial Position and Advancing Type 1 Diabetes Treatment
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