Capricor Therapeutics shares are trading higher after the company announced it reported long-term data from its HOPE-2 OLE study for Duchenne muscular dystrophy at the 2024 World Muscle Society Congress. Additionally, HC Wainwright & Co. raised its price target on the stock from $40 to $77.
Portfolio Pulse from Benzinga Newsdesk
Capricor Therapeutics shares rose following the announcement of long-term data from its HOPE-2 OLE study for Duchenne muscular dystrophy, presented at the 2024 World Muscle Society Congress.
October 11, 2024 | 2:07 pm
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Capricor Therapeutics shares increased after the company presented positive long-term data from its HOPE-2 OLE study for Duchenne muscular dystrophy at a major congress.
The announcement of positive long-term data from a significant study can boost investor confidence and lead to a rise in stock prices. The presentation at a major congress adds credibility and visibility to the findings, likely contributing to the stock's upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100