Shares of Absci Corporation (Nasdaq:ABSI) are currently bid up at $3.08/share (+3.01% implied open for sellers) following JonesTrading initiating coverage of the company with a buy rating and a $9 price target.
Background: Absci Corp is the Artificial intelligence powered synthetic biology company unlocking the potential of proteins as the next generation of therapeutics. It enables the creation of novel biologics by unifying biologic drug discovery and cell line development into one simultaneous process.
Up next we have shares of Heron Therapeutics Inc. (Nasdaq:HRTX), which are currently bid up at $1.94/share (+64.41% implied open for sellers). This move is due to Needham reiterating their buy rating and maintaining their $4 price target following yesterday’s announcement that the company got a favorable patent dispute ruling.
Background: Heron Therapeutics Inc is a commercial-stage biotechnology company. It is focused on improving the lives of patients by developing treatments that address some of the unmet patient needs. The company’s product portfolio consists of SUSTOL, ZYNRELEF, and CINVANTI. Its pipeline product is HTX-011.
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