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Lucid Capital raises Tiziana Life Sciences price target to $9 on positive foralumab clinical data

Analyst Insights
19 May 2026
Proactive Investors
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Bullish
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Lucid Capital Markets increased its 12-month price target for Tiziana Life Sciences Ltd to $9 from $8, maintaining a "Buy" rating after updated clinical data for its drug foralumab showed promise in treating neuroinflammatory conditions like non-active secondary progressive multiple sclerosis (na-SPMS) and Multiple System Atrophy (MSA). Data indicated disease stabilization, reduced fatigue, and no new safety concerns in na-SPMS patients, alongside early imaging results showing reduced neuroinflammation in MSA patients. The price target reflects a probability-adjusted valuation based on potential future cash flows from foralumab, signaling growing confidence in its success.

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