Tvardi Therapeutics is trading at $1.05, up 5.85%, after Chardan initiated coverage with a Buy rating and an $8.00 price target.
- Chardan initiated coverage on October 20; the recommendation is conditional on raising $35β$40 million to fund an ulcerative-colitis trial.
- Tvardi also presented at Chardanβs healthcare conference that day. Biotech strength provided sector context, but the analyst initiation was the clearer explanation for the premarket move.