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Friday, July 12, 2019

Health Catalyst files for upsized IPO

Health Catalyst (HCAT) has filed a preliminary prospectus for an IPO of 6.9M common shares at $20 – 23 per share, valuing the offering at over $148M at the midpoint.
In June, it filed for a $100M offering.

Redhill upped to Strong Buy from Buy by WBB

Target $17

Healthcare Services Cut to Hold from Buy by Jefferies

Target to $32 from $40

Array cut to Neutral from Overweight by JPMorgan

Target to $48 from $29

MediciNova readies late-stage study of MN-166 in progressive MS

Subsequent to FDA feedback, MediciNova (NASDAQ:MNOV) has finalized the protocol for a Phase 3 clinical trial evaluating MN-166 (ibudilast) in patients with secondary progressive multiple sclerosis (MS) without relapses.
The primary endpoint will be the time to three-month confirmed disability progression as measured by a scale called EDSS, the same endpoint used for other drugs approved for progressive MS.
The agency indicated that one study may be sufficient to support a marketing application.
The size of the study and its projected start date are not provided.

Fate Therapeutics started at Outperform by Oppenheimer

Target $27

Rhythm Pharma upped to Buy from Hold by Stifel

Target $34