Stock analysts at Royal Bank Of Canada assumed coverage on shares of Eupraxia Pharmaceuticals (TSE:EPR – Get Free Report) in a research report issued on Monday, Zacks reports. The brokerage set a “moderate buy” rating on the stock.
Separately, Wedbush raised Eupraxia Pharmaceuticals to a “strong-buy” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.
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Eupraxia Pharmaceuticals Stock Performance
Eupraxia Pharmaceuticals Inc is a Canadian clinical-stage biotechnology company developing locally acting therapies designed to improve the delivery, duration and tolerability of established medicines. The company’s platform, DiffuSphere, uses biodegradable polymeric microspheres to provide controlled and sustained drug release at targeted sites in the body.
Eupraxia’s lead programs include EP-104IAR, an extended-release intra-articular formulation intended to provide longer-lasting relief for people with knee osteoarthritis, and EP-104GI, an orally administered formulation being developed for gastrointestinal diseases, including eosinophilic esophagitis.
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