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Analyst Graig Suvannavejh from Mizuho Securities reiterated a Buy rating on Intra-Cellular Therapies (ITCIResearch Report) and keeping the price target at $82.00.

Graig Suvannavejh has given his Buy rating due to a combination of factors surrounding Intra-Cellular Therapies’ strategic actions and upcoming clinical data. His confidence in the company is partly based on their aggressive defense of Caplyta’s patents against generic competition, indicating a robust commitment to maintaining market exclusivity. The initiation of patent litigation aligns with expectations and sets the stage for a 30-month stay on FDA approval of potential generic versions, effectively delaying competition until at least late 2026. Moreover, Suvannavejh’s thorough analysis of the company’s intellectual property, with the guidance of an IP expert, supports a base case for Caplyta’s loss of exclusivity in 2036, reinforcing the stock’s long-term value proposition.

In addition to the IP defense strategy, the anticipation of positive Phase 3 data for Caplyta in the treatment of major depressive disorder (MDD) later this month bolsters the Buy rating. This potential expansion of Caplyta’s therapeutic application could significantly enhance its market potential and drive revenue growth. Suvannavejh’s appraisal of the situation reflects a bullish outlook on the company’s ability to navigate through patent challenges while capitalizing on new opportunities for its lead asset, suggesting a promising future for Intra-Cellular Therapies and validating the recommendation to invest in its stock.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is neutral on the stock.

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Intra-Cellular Therapies (ITCI) Company Description:

Intra-Cellular Therapies, Inc. is a biopharmaceutical company, which focuses on the discovery and clinical development of innovative, small molecule drugs that address underserved medical needs in neuropsychiatric and neurological disorders by targeting intracellular signaling mechanisms within the central nervous system, or CNS. Its lead product candidate, ITI-007, is in clinical development as a…

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