SportTrade
$PTN $RYTM $DRUG
HC Wainwright launched research coverage today on PTN with $12 that price ~100% upside.
I think that is conservative and room to raise once they get their next gen MC4R lipidated peptide to provide potentially less than weekly doing vs vs current SOC that doses injections daily and just caught a bug for $10BILLION.PTN is the only other Nasdaq listed MC4R platform and i think smart money investors could act similarly to how DRUG rallied went up 50X+ in two weeks that followed the larger comp $2.4bn Longboard acquisition in sympathy… and here we are with potential $10B comp RYTM take out with PTN… sitting at tiny mkt cap - would be a cheap way for big pharma to hedge RYTM competition …and at a minimum assuages my concerns about the funding overhang and tax loss selling in near term. Dare i say… I think the bottom is in!! GLTA
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