Karuna Therapeutics (NASDAQ: KRTX) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “We had the opportunity to host investor meetings with the management team of Karuna Therapeutics, including CEO Steve Paul and CFO Troy Ignezi. As expected, investors were mainly focused on the progress Karuna is making in moving lead asset KarXT into Phase 3 development for the treatment of acute psychosis in patients with schizophrenia. However, investors are also clearly looking into KarXT’s potential to move into additional indications, most notably dementia-related psychosis. We present our key takeaways from the meetings below. Please let us know if you would like our detailed notes from the meetings. We continue to see KRTX as a Top SMID Cap Pick and reiterate our Buy rating and $116 price target.”
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About Karuna Therapeutics, Inc.
Karuna is a clinical-stage biopharmaceutical company committed to developing and delivering first-in-class therapies with the potential to transform the lives of people with CNS disorders – which remain among the most disabling and potentially fatal disorders worldwide. Galvanized by the understanding that today’s neuropsychiatric and pain management patients deserve better, Karuna’s mission is to harness the untapped potential of the brain’s complex biology in pursuit of novel therapeutic pathways that will advance the standard of care. For more information, please visit www.Karunatx.com.
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