Alliance Global Partners analyst James Molloy lowered the firm’s price target on Ocuphire Pharma (OCUP) to $20 from $24 and keeps a Buy rating on the shares following the Q4 report. The FDA approved Ryzumvi for the treatment of harmacologically-induced mydriasis in September 2023, and with Ocuphire ‘s partnership with Viatris (VTRS), a launch of Ryzumvi is planned for the first half of 2024, the analyst tells investors in a research note.
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Read More on OCUP:
- Ocuphire Pharma Announces Financial Results for Fourth Quarter and Full Year 2023 and Provides Corporate Update
- Ocuphire Pharma expects cash to fund operations into mid-2025
- Ocuphire Pharma reports Q4 EPS (21c), consensus (5c)
- OCUP Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Ocuphire Pharma to Present in the BIO CEO & Investor Conference
