Bright Minds Biosciences: Strategic Advancements in Serotonergic Therapies and Expansion into Prader-Willi Syndrome
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Bright Minds Biosciences has received a Buy rating from Patrick Trucchio of H.C. Wainwright, with a price target of $85. The company is expanding its focus into Prader-Willi syndrome (PWS) with its candidate BMB-105, leveraging its expertise in serotonergic therapies. The Phase 2a NOVA study for BMB-101 in PWS patients aims to validate the efficacy of 5-HT2C receptor activation, addressing significant unmet medical needs. Trucchio's confidence is based on the company's strategic advancements and potential in developing first-in-class therapies for neurological and psychiatric conditions.
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