Charles Zhu, an analyst from LifeSci Capital, maintained the Buy rating on Molecular Partners. The associated price target remains the same with $12.00.
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Charles Zhu has given his Buy rating due to a combination of factors that highlight Molecular Partners’ promising pipeline and strategic partnerships. The company is advancing its Pb-212 labeled DLL3 Radio-DARPin, MP0712, towards a US Phase 1 trial by the end of the year. This trial aims to optimize dosing frequency and cycle numbers, with initial imaging data expected to provide insights into its efficacy and safety.
Furthermore, Molecular Partners’ collaboration with Orano Med enhances its capabilities by securing a substantial supply of Pb and sharing costs and profits on future developments. The company’s focus on innovative therapies, such as the MSLN-targeted RadioDARPin, and its strategic approach to pipeline development, position it well for future growth. These factors, combined with a manageable cash burn rate and low short interest, support the Buy rating.
Zhu covers the Healthcare sector, focusing on stocks such as Zymeworks, IDEAYA Biosciences, and Kura Oncology. According to TipRanks, Zhu has an average return of 14.3% and a 58.99% success rate on recommended stocks.