Lucid Capitalđ $UNCY Buy-$12 and said "We are initiating coverage of Unicycive with a Buy rating and a $12/share 12-month Price Target" - "We estimate that OLC could capture >$1.3B in peak sales in the US within two years after launch in 2025"
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Lucid Capital additionally said in its initiation report:
Benchmark reiterated $UNCY Speculative Buy-$3.
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Benchmark said in their note to investors:
"Unicycive is currently awaiting FDA approval for its first product candidate, Oxylanthanum Carbonate, which is anticipated later this year. We are updating our model for the 1Q filings with no change to our forward expectations.
In November, the company announced that the FDA accepted its NDA of Oxylanthanum Carbonate (OLC) for the treatment of hyperphosphatemia in patients with chronic kidney disease (CKD) on dialysis, and set a PDUFA date of June 28, 2025.
Benchmark additionally said:
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