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Analyst Insight: Justifying A Price Target Following Poor SPAC Reception

 
• By Barnaby Pickering

In a discussion with Medtech Insight, analysts at Ladenburg Thalmann argued the case for their LumiraDX $14.75 price target.  

• Source: Alamy

Not every special purpose acquisition company (SPAC) deal in medtech is an instant success.

On 28 September LumiraDx, the London-based point-of-care diagnostics manufacturer, floated on the NASDAQ following its merger with the SPAC called CA Healthcare Acquisition Corp. (Also see "LumiraDX Goes...

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