Orchestra BioMed Up 49% After Barclays Starts Coverage With $16 Target

Dow Jones

01-03

By Josh Beckerman

Shares of medical technology company Orchestra BioMed Holdings surged 49% to $5.98 after Barclays initiated coverage with an overweight rating and $16 price target.

Volume was more than 652,000 shares, compared with a 65-day average of 58,740. The stock is down about 27% over the last 52 weeks.

Orchestra BioMed's lead product candidate is atrioventricular interval modulation therapy, also known as BackBeat Cardiac Neuromodulation Therapy CNT, a bioelectronic therapy for treatment of hypertension.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

January 02, 2025 12:40 ET (17:40 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The stock is down about 27% over the last 52 weeks. \n\n\n  Orchestra BioMed's lead product candidate is atrioventricular interval modulation therapy, also known as BackBeat Cardiac Neuromodulation Therapy CNT, a bioelectronic therapy for treatment of hypertension. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 02, 2025 12:40 ET (17:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}