Piper Sandler initiated coverage of Capricor Therapeutics (CAPR) with an Overweight rating and $35 price target Capricor is developing deramiocel to treat cardiomyopathy in Duchenne muscular dystrophy, the analyst tells investors in a research note. The firm says deramiocel is partnered globally with Nippon Shinyaku with Capricor retaining 30%-50% of potential blockbuster revenues, plus up to $1.5B in milestones.
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