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To own Definium Therapeutics, you have to believe that DT120 can translate its Phase IIb signal into successful Phase III outcomes and, eventually, an approvable product in generalized anxiety disorder and major depressive disorder. The Jefferies initiation, with its emphasis on a 48% remission rate and high confidence in upcoming Phase III trials, sharpens that core thesis and adds near-term attention to the stock, but it does not change the underlying binary nature of those readouts as the key 2026 catalysts. At the same time, Compass Pathways’ positive COMP360 data has boosted sentiment for psychedelic-based treatments more broadly, which may help Definium’s share price in the short term without reducing the fundamental scientific, regulatory, and financing risks that come with a pre-revenue company running four costly Phase III programs and posting sizeable ongoing losses.
However, investors should be aware of one risk in particular that could matter very quickly. Definium Therapeutics' shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.Explore 10 other fair value estimates on Definium Therapeutics - why the stock might be worth just $23.44!
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