Stephen Willey, an analyst from Stifel Nicolaus, has initiated a new Buy rating on Janux Therapeutics Inc (JANX).
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Stephen Willey has given his Buy rating due to a combination of factors that highlight the potential of Janux Therapeutics Inc’s innovative approach in oncology. The company’s TRACTr platform, particularly the development of T cell engagers (TCEs) for solid tumors, is seen as strategically significant. The novel tumor-activated masking technology expands the range of targetable antigens, with promising preliminary data from JANX007 showing safety and efficacy in heavily pretreated patients where previous treatments have failed.
Willey anticipates that upcoming updates will further clarify the profile of JANX007, reinforcing confidence in its long-term potential. The data so far, although limited, indicates a strong competitive edge with significant PSA responses and promising durability. The safety profile also suggests a best-in-class product, with manageable side effects. These factors, combined with ongoing innovation in their pipeline, support the Buy rating as the company continues to advance its development efforts.
In another report released on September 6, Cantor Fitzgerald also maintained a Buy rating on the stock with a $200.00 price target.