Capital RequirementsThe company will need to raise additional capital to support its upcoming P3 study, which we factor into our model.
Financial ChallengesThe company, who ended the quarter with $13.5 million in cash, will likely need additional capital in order to move its clinical programs forward.
Price Target ReductionThe analyst has lowered the 12-month price target to $2.00 from $5.00, factoring in dilution and financial challenges.