Inhibikase Therapeutics, Inc. Common Stock
IKTInhibikase Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing kinase inhibitors for the treatment of neurodegenerative and infectious diseases. The company's approach involves targeting aberrant kinase activity involved in disease progression, aiming to create therapies with improved safety and efficacy profiles. Founded with an emphasis on precision medicine, Inhibikase leverages its expertise in kinase biology to advance novel therapeutic candidates.
Company News
Inhibikase Therapeutics is conducting a public offering of common stock and pre-funded warrants, raising approximately $100 million to support its clinical-stage pharmaceutical development for pulmonary arterial hypertension.
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HC Wainwright & Co. has decided to maintain its Buy rating of Inhibikase Therapeutics (NASDAQ:IKT) and raise its price target from $27.00 to $27.00. Shares of Inhibikase Therapeutics are trading down 4.44% over the last 24 hours, at $2.15 per share. A move to $27.00 would account for a 1155.81% increase from the current share price. About Inhibik...
Inhibikase Therapeutics, Inc. (IKT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
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