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Analysts maintain ‘Buy’ rating on Catalyst Pharmaceuticals (NASDAQ: CPRX) following partnership announcement with Santhera

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Catalyst Pharmaceuticals remained on the  ‘Buy’ list of analysts after it announced ia partnership with Santhera Pharmaceuticals Holding. Analysts have given a mean recommendation rating of 2.2 on CPRX post the announcement.

The agreement came days after the company released its financial results for Q2 2023. Catalyst has entered into the agreement with Santhera to deliver a potential therapy for Duchenne Muscular Dystrophy (DMD).

Data on Refinitiv shows that five analysts have covered the stock, of which four have given it a ‘Buy’ rating while one analyst recommends holding the stock. The mean consensus price target on the stock is US$ 22.40 as on June 21, 2023.

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