Alliance Global Partners analyst Scott Henry lowered the firm’s price target on RenovoRx to $3.50 from $4 and keeps a Buy rating on the shares. The firm cites greater dilution from the equity offering than it had modeled for the target drop. RenovoRx’s cash runway has been extended into 2026 and the second interim analysis for TIGeR-PaC is targeted for late 2024/early 2025, the analyst tells investors in a research note.
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