Buy Rating for Barinthus Biotherapeutics: Promising Clinical Developments and Strategic Merger with Clywedog Therapeutics
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H.C. Wainwright analyst Yi Chen reiterated a Buy rating for Barinthus Biotherapeutics, citing promising clinical developments and a strategic merger with Clywedog Therapeutics. The company showed better-than-expected financial management and positive safety results in its Phase 1 AVALON trial. The merger, expected to close in 2026, aims to enhance Barinthus's portfolio, potentially increasing market value. Chen set a price target of $4 per share, supported by ongoing trials and strategic actions.
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