Tenax Therapeutics (NASDAQ:TENX) was among the trending tickers on Yahoo Finance today, increasing by over 15% to $2.10 USD by 2:30 pm EST.
The boost came after an analyst at Ladenburg Thalmann Financial Services said he was “encouraged” by the specialty pharmaceutical company’s update on its study of patients with difficult-to-treat pulmonary hypertension.
“We continue to be encouraged by the company’s progress and anticipate additional patient enrollment going forward,” Ladenburg analyst Jeffrey Cohen told Bloomberg. Ladenburg has given Tenax Therapeutics a “buy” rating with a target price of $9.25 USD.
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