Maxim analyst Jason McCarthy raised the firm’s price target on Bionomics to $10 from $7 and keeps a Buy rating on the shares after the company reported that its Phase 2b ATTUNE study in PTSD met its primary endpoint with a significant reduction in PTSD symptom severity versus placebo. This initial data in PTSD “makes a compelling case for BNC210,” says the firm, which lowers its revenue risk adjustment to 60%, from 80%, which increases its price target on the shares.
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