IGC Pharma Announces Equity Analyst Coverage by Alliance Global Partners (AGP) with a "Buy" Recommendation and $3.50 Price Target
18 July 2024 - 11:00PM
Business Wire
IGC Pharma, Inc. ("IGC Pharma," "IGC," or the "Company") (NYSE
American: IGC) announces that Alliance Global Partners (AGP)
has issued an analyst coverage research report on the Company’s
common stock.
All reports on IGC Pharma prepared by analysts represent the
views of those analysts and are not necessarily those of IGC
Pharma. IGC is not responsible for the content, accuracy, or
timelines provided by analysts. By referring to these analysts or
distributing their opinions, IGC does not in any way commit itself
to the validity of such information, conclusions, or
recommendations.
A copy of the analyst report can be obtained directly from
Alliance Global Partners (AGP):
https://europac.bluematrix.com/sellside/EmailDocViewer?encrypt=6d0805f8-b287-4270-b335-6d6a2b8ad4df&mime=pdf&co=europac&id=IBCM@allianceg.com&source=mail
About IGC Pharma Inc. (dba IGC):
IGC is focused on Alzheimer’s disease, developing innovative
therapies to address this devastating illness. The Company’s
mission is to transform the landscape of Alzheimer’s treatment with
a robust pipeline of five promising drug candidates. IGC-AD1, with
previously disclosed interim results, is in a Phase 2 clinical
trial for agitation in dementia associated with Alzheimer’s
(clinicaltrials.gov, NCT05543681). The remaining four molecules are
in the pre-clinical stage of development. TGR-63 has been shown to
disrupt the progression of Alzheimer’s by targeting Aβ plaques, a
key hallmark of Alzheimer’s. IGC-1C, targets tau protein and
neurofibrillary tangles, representing a forward-thinking approach
to Alzheimer’s therapy. IGC-M3, aims to inhibit the aggregation of
Aβ plaques, potentially impacting early-stage Alzheimer’s. LMP is
designed to target multiple hallmarks of Alzheimer’s including
plaques and tangles for a comprehensive approach to the disease. In
addition to our drug development pipeline, we are attempting to
harness the power of Artificial Intelligence to develop early
disease detection models, optimize our clinical trials, and explore
new applications for our drugs.
Forward-Looking Statements:
This press release contains forward-looking statements. These
forward-looking statements are based largely on IGC Pharma's
expectations and are subject to several risks and uncertainties,
certain of which are beyond IGC Pharma's control. Actual results
could differ materially from these forward-looking statements as a
result of, among other factors, the Company's failure or inability
to commercialize one or more of the Company's products or
technologies, including the products or formulations described in
this release, or failure to obtain regulatory approval for the
products or formulations, where required, or government regulations
affecting AI or the AI algorithms not working as intended or
producing accurate predictions; general economic conditions that
are less favorable than expected; the FDA's general position
regarding cannabis- and hemp-based products; and other factors,
many of which are discussed in IGC Pharma's U.S. Securities and
Exchange Commission ("SEC") filings. IGC Pharma incorporates by
reference the human trial disclosures and Risk Factors identified
in its Annual Report on Form 10-K filed with the SEC on July 7,
2023, and Quarterly Report on Form 10-Q filed with the SEC on
February 14, 2024, as if fully incorporated and restated herein.
Considering these risks and uncertainties, there can be no
assurance that the forward-looking information contained in this
release will occur.
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version on businesswire.com: https://www.businesswire.com/news/home/20240718012019/en/
Investors IMS Investor Relations Walter Frank/Rosalyn
Christian igc@imsinvestorrelations.com (203) 972-9200
Media JVPRNY Janet Vasquez jvasquez@jvprny.com (212)
645-5498
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