Harbour BioMed Exercises Warrant to Acquire 3.8% of Spruce Biosciences Inc.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: Benzinga
- Share Acquisition: Harbour BioMed exercised its warrant to acquire approximately 3.8% of Spruce Biosciences' outstanding shares, enhancing its market position in biotechnology and demonstrating confidence in Spruce's future development.
- Strategic Collaboration: This transaction stems from a licensing and collaboration agreement with Spruce aimed at advancing the development of SPR202, a monoclonal antibody for various disorders, which could yield long-term benefits for Harbour.
- Funding Background: In January, Spruce Biosciences secured up to $50 million in loan funding, indicating its liquidity and growth potential in the market, which may support Harbour's investment.
- Market Performance: Despite Harbour's acquisition signaling positive prospects, Spruce's momentum score of only 21/100 indicates weak stock performance in the market, suggesting that investors should assess risks carefully.
Analyst Views on AZN
Wall Street analysts forecast AZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AZN is 102.75 USD with a low forecast of 95.00 USD and a high forecast of 108.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 95.600
Low
95.00
Averages
102.75
High
108.00
Current: 95.600
Low
95.00
Averages
102.75
High
108.00
About AZN
AstraZeneca PLC is a United Kingdom-based science-led biopharmaceutical company. The Company focuses on the discovery, development, and commercialization of prescription medicines. The Company operates across therapy areas, including Oncology; Cardiovascular, Renal and Metabolism (CVRM); Respiratory and Immunology (R&I); Vaccines and Immune Therapies (V&I), and Rare Disease. In the Oncology area, its key products include Tagrisso, Imfinzi, Calquence, Lynparza, and Enhertu. The key products of CVRM area include Farxiga/Forxiga, Brilinta/Brilique, Crestor, and Lokelma. In the R&I area, the key products are Symbicort, Fasenra, Breztri/Trixeo, and Tezspire. In the V&I Therapies area, the products are Beyfortus and FluMist. The products in the Rare Disease area are Ultomiris, Soliris, Strensiq, and Koselugo. It has about 191 projects in its development pipeline, including 19 new molecular entities (NMEs) in the late-stage pipeline. The Company distributes its products in over 125 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
