Carisma Therapeutics Announces Strategic Restructuring to Re-prioritize Pipeline

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Evercore ISI Downgrades Carisma Therapeutics Inc (CARM) to In Line

December 11, 2024 9:02 AM EST

Evercore ISI analyst Liisa Bayko downgraded Carisma Therapeutics Inc (NASDAQ: CARM) from Outperform to In Line with a price target of $0.70 (from $4.00).

The analyst comments "With the 2nd major pipeline shift this year, scrapping first the macrophage and now the monocyte ex-vivo anti-HER2 program, CARM is focusing on in vivo CAR-M for liver fibrosis while collaborating... More