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Trevi Therapeutics initiated with a Buy at H.C. Wainwright

H.C. Wainwright initiated coverage of Trevi Therapeutics (TRVI) with a Buy rating and $21 price target The company is developing Haduvio for both refractory chronic cough and idiopathic pulmonary fibrosis chronic cough, the analyst tells investors in a research note. The firm views Trevi ‘s RIVER Phase 2a data in refractory chronic cough, released earlier this year, as compelling, and believes the company now has a “meaningfully more derisked path” to approval in RCC than the market gives it credit for.

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