Jefferies Financial Group initiated coverage on shares of Vicore Pharma (NASDAQ:VCRE – Get Free Report) in a report issued on Friday, Benzinga reports. The brokerage set a “buy” rating and a $25.00 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 183.45% from the company’s current price.
Vicore Pharma Price Performance
VCRE stock traded up $0.16 during midday trading on Friday, reaching $8.82. 21,078 shares of the company’s stock traded hands.
Vicore Pharma Company Profile
Vicore Pharma is a Swedish clinical-stage biotechnology company focused on developing medicines for severe respiratory diseases. The company’s research is based largely on therapies designed to activate the angiotensin II type 2 receptor, a pathway that may help counteract inflammation, fibrosis and tissue damage.
Vicore’s lead product candidate is buloxibutid, also known as C21, an oral investigational therapy being developed primarily for idiopathic pulmonary fibrosis (IPF), a progressive lung disease characterized by scarring of lung tissue.
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