Ami Fadia, an analyst from Needham, maintained the Buy rating on Immuneering. The associated price target remains the same with $11.00.
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Ami Fadia has given her Buy rating due to a combination of factors surrounding Immuneering’s recent clinical trial data. The updated Phase 2A results for the combination of atebimetinib and mGnP in first-line PDAC patients show promising overall survival and progression-free survival rates, despite a slight decline from previous updates. These figures remain superior to the current standard of care, indicating a potentially strong therapeutic option.
Additionally, the safety profile of the treatment, while showing some increase in adverse effects like neutropenia, anemia, and fatigue, is still considered more favorable compared to competing treatments such as daraxonrasib. The absence of treatment discontinuations and a lower number of adverse events further support the treatment’s viability. Looking ahead, the anticipated FDA feedback on pivotal trials and upcoming updates at future conferences could provide further positive momentum for Immuneering’s stock.
In another report released on September 23, Mizuho Securities also maintained a Buy rating on the stock with a $10.00 price target.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IMRX in relation to earlier this year.