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First Wave BioPharma reinstated with a Neutral at H.C. Wainwright
The Fly

First Wave BioPharma reinstated with a Neutral at H.C. Wainwright

H.C. Wainwright reinstated coverage of First Wave BioPharma with a Neutral rating and no price target. The company’s business combination with ImmunogenX completed and latiglutenase may enter Phase 3 trial in celiac disease in the first half of 2025, the analyst tells investors in a research note. The firm sees a substantial market opportunity without approved therapeutics.

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