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An announcement from BriaCell Therapeutics ( (TSE:BCT) ) is now available.
BriaCell Therapeutics Corp. announced that the independent Data Safety Monitoring Board (DSMB) has given a positive recommendation for the continuation of its pivotal Phase 3 study of Bria-IMT plus immune checkpoint inhibitor in metastatic breast cancer patients. This marks the fourth consecutive positive DSMB recommendation, highlighting the favorable safety profile of the treatment. The study is conducted under the FDA Fast Track Designation, addressing the significant unmet medical need in metastatic breast cancer. The company’s leadership expressed confidence in the potential of Bria-IMT to transform cancer care for patients facing urgent medical needs.
The most recent analyst rating on (TSE:BCT) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on BriaCell Therapeutics stock, see the TSE:BCT Stock Forecast page.
Spark’s Take on TSE:BCT Stock
According to Spark, TipRanks’ AI Analyst, TSE:BCT is a Neutral.
BriaCell Therapeutics has a challenging financial position with no revenue and consistent losses, heavily impacting its stock score. Despite this, recent corporate developments in cancer treatment provide some potential upside. Technical indicators are mixed, and valuation concerns persist with a negative P/E ratio. The company’s reliance on external financing is a notable risk.
To see Spark’s full report on TSE:BCT stock, click here.
More about BriaCell Therapeutics
BriaCell Therapeutics Corp. is a clinical-stage biotechnology company focused on developing novel immunotherapies to transform cancer care.
Average Trading Volume: 4,080
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$32.18M
See more insights into BCT stock on TipRanks’ Stock Analysis page.