
Spruce Biosciences Announces Board Resignation and Stock Repricing

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Spruce Biosciences announced the resignation of Tiba Aynechi, Ph.D. from its board and a stock option repricing to $104.13 per share to retain employees. The latest analyst rating is a Buy with a $160.00 target, but TipRanks' AI Analyst rates it as Underperform due to financial challenges. The company faces declining revenues and losses, despite potential growth from a strategic acquisition. Current market cap is $91.7M.
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