Lake Street raised the firm’s price target on Aquestive Therapeutics to $8 from $3 and keeps a Buy rating on the shares. Management has found “creative, effective solutions to circumvent the challenging capital markets that have plagued the biotech community” and the stage is “set for an eventful 2024” with Libervant’s potential April FDA approval and Anaphylm’s anticipated NDA submission by year-end, the analyst tells investors.
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