Chardan initiates Tvardi Therapeutics stock with buy on STAT3 platform
Chardan initiated coverage on Tvardi Therapeutics (NASDAQ:TVRD) with a buy rating and $8.00 price target, contingent on raising $35-40M for ulcerative colitis trials. The stock trades at $0.97, down 84% YoY, with a $15M market cap. Chardan estimates $1.6B peak sales at 20% success probability. H.C. Wainwright and Lucid Capital also rated TVRD Buy with $9.00 and $14.00 targets, respectively, citing positive clinical data.



