IGC Pharma Announces Equity Analyst Coverage by Ascendiant with a “Buy” Recommendation and $3.00 Price Target
2024年2月24日 - 2:01AM
ビジネスワイヤ(英語)
IGC Pharma, Inc. (“IGC Pharma,” “IGC,” or the “Company”) (NYSE
American: IGC) announces that Ascendiant Capital Markets LLC
(Ascendiant) has issued an analyst coverage research report on the
Company’s common stock.
All reports on IGC Pharma prepared by analysts represent the
views of those analysts and are not necessarily those of IGC
Pharma. IGC is not responsible for the content, accuracy, or
timelines provided by analysts. By referring to these analysts or
distributing their opinions, IGC does not in any way commit itself
to the validity of such information, conclusions, or
recommendations.
A copy of the analyst report can be obtained directly from
Ascendiant at
https://ascendiant.com/research-reports/company/igc-pharma-inc/.
About IGC Pharma Inc. (dba IGC):
IGC Pharma is pursuing innovative solutions to fight Alzheimer's
disease and related challenges. IGC Pharma's portfolio comprises
five assets, all with a singular mission - to transform the
landscape of Alzheimer's treatment. IGC-AD1 and LMP target
neuroinflammation, Aβ plaques, and neurofibrillary tangles. IGC-AD1
is currently in a Phase 2b clinical trial for agitation in dementia
due to Alzheimer's (clinicaltrials.gov, NCT05543681). TGR-63
targets Aβ plaque to disrupt the progression of Alzheimer's
disease. IGC-M3 targets the inhibition of Aβ plaque aggregation
with the potential to create a profound impact on early-stage
Alzheimer's. IGC-1C targets tau and neurofibrillary tangles in a
forward-thinking approach to Alzheimer's therapy. In parallel, IGC
Pharma is at the forefront of Generative AI development, with
projects including clinical trials, early detection of Alzheimer's,
and drug interactions with cannabinoids.
Forward-Looking Statements:
This press release contains forward-looking statements. These
forward-looking statements are based largely on IGC Pharma’s
expectations and are subject to several risks and uncertainties,
certain of which are beyond IGC Pharma’s control. Actual results
could differ materially from these forward-looking statements as a
result of, among other factors, the Company’s failure or inability
to commercialize one or more of the Company’s products or
technologies, including the products or formulations described in
this release, or failure to obtain regulatory approval for the
products or formulations, where required, or government regulations
affecting AI or the AI algorithms not working as intended or
producing accurate predictions; general economic conditions that
are less favorable than expected; the FDA’s general position
regarding cannabis- and hemp-based products; and other factors,
many of which are discussed in IGC Pharma’s U.S. Securities and
Exchange Commission ("SEC") filings. IGC Pharma incorporates by
reference the human trial disclosures and Risk Factors identified
in its Annual Report on Form 10-K filed with the SEC on July 7,
2023, as if fully incorporated and restated herein. Considering
these risks and uncertainties, there can be no assurance that the
forward-looking information contained in this release will
occur.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240223060837/en/
Investors IMS Investor Relations Walter Frank
igc@imsinvestorrelations.com (203) 972-9200 Media JVPRNY
Janet Vasquez jvasquez@jvprny.com (212) 645-5498
IGC Pharma (AMEX:IGC)
過去 株価チャート
から 12 2024 まで 1 2025
IGC Pharma (AMEX:IGC)
過去 株価チャート
から 1 2024 まで 1 2025