In a Large Cap Pharma, Biopharma, & Biotech note, Cantor Fitzgerald analyst Louise Chen reiterated Overweight ratings on two anti-fungal stocks, Cidara Therapeutics (CDTX) and Scynexis (SCYX), with target prices of $5 and $15, respectively. The research note follows the CDC issuing a press release that highlighted "the increasing threat of the spread of antimicrobial-resistant fungus in healthcare facilities." which Cantor sees as "concerning," and emphasized the need for a "new effective treatment." The analyst believes both companies have potential positive catalysts in this space within the next 12-18 months, highlighting Cidara’s rezafungin and Scynexis’ Ibrexafungerp.
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