Lifecore Biomedical Inc.Secured seventh late-stage program agreement in seven months, indicating growing demand for its services.

Lifecore Biomedical announced a new agreement with a global pharmaceutical company to provide technical transfer services for commercial manufacturing of an injectable suspension therapy for neurological disorders. This marks the company's seventh late-stage program agreement secured within the previous seven months and its second such partnership in two weeks. Barrington raised its price target on Lifecore to $6.50 from $6.00 and maintained an Outperform rating, citing the company's expanding clinical development footprint and progress toward long-term strategic objectives.
Lifecore Biomedical Inc.Secured seventh late-stage program agreement in seven months, indicating growing demand for its services.
Barrington raised price target and maintained Outperform rating, a positive analyst action.