H.C. Wainwright Lifts PT on Innoviva (INVA) to $46 From $45, Keeps a Buy Rating

Core Viewpoint - Innoviva, Inc. (NASDAQ:INVA) is highlighted as a promising small-cap stock with significant upside potential following the FDA approval of its antibiotic NUZOLVENCE® [1][2]. Group 1: FDA Approval and Product Details - The FDA approved NUZOLVENCE® (zoliflodacin) on December 12, which is a first-in-class, single-dose, oral antibiotic for treating uncomplicated urogenital gonorrhea in adults and pediatric patients aged 12 and older weighing at least 35 kg [2][4]. - The approval was based on results from a Phase 3 clinical trial, the largest ever conducted for a new treatment against Neisseria gonorrhoeae infection in high-prevalence regions across five countries [4]. Group 2: Market and Investment Insights - H.C. Wainwright updated Innoviva's price target to $46 from $45 while maintaining a Buy rating on the stock, indicating positive market sentiment following the FDA approval [1][2]. - Despite the potential of Innoviva as an investment, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [5].