Reduced Stock Price TargetThe RRMS opportunity removal from the model led to a new DCF-based price target of $22, down from $25, indicating diminished expectations.
Risk In PIPE-307 DevelopmentThe study remains risky with only a 35% probability of success for PIPE-307 in major depressive disorder, highlighting uncertainty in outcomes.
Unmet Trial EndpointsContineum shares are trading down modestly after the Phase II VISTA trial of PIPE-307 did not meet its prespecified primary or secondary efficacy endpoints.