BioCryst Pharmaceuticals Inc (NASDAQ:BCRX) shares are trading lower Monday morning after BofA Securities downgraded the stock and Oppenheimer lowered its price target.
BofA Securities analyst Tazeen Ahmad downgraded BioCryst from a Buy rating to a Neutral rating and announced a $14 price target.
Oppenheimer analyst Justin Kim maintained BioCryst with an Outperform rating and lowered the price target from $20 to $16.
What Happened? On Friday, the company paused enrollment in clinical trials with BCX9930 while it investigates elevated serum creatinine levels seen in some patients.
BioCryst discovers novel, oral, small-molecule medicines that treat rare diseases in which significant unmet medical needs exist and an enzyme plays a key role in the biological pathway of the disease.
The company announced Monday that it will present at the 21st Annual Needham Virtual Healthcare Conference on April 14.
BCRX 52-Week Range: $9.23 - $19.99
The stock was down 7.37% at $10.30 at time of publication, according to data from Benzinga Pro.
Photo: fernandozhiminaicela from Pixabay.
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