Analyst Michael Okunewitch from Maxim Group maintained a Buy rating on Radiopharm Theranostics Limited Sponsored ADR and keeping the price target at $12.00.
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Michael Okunewitch has given his Buy rating due to a combination of factors that highlight Radiopharm Theranostics Limited’s promising financial and clinical outlook. The company has recently secured significant funding through an institutional placement, extending its financial runway into 2027. This funding, which includes investment from a major player in the radiopharmaceutical industry, Lantheus, is a strong endorsement of Radiopharm’s potential and supports the continuation of its clinical trials.
Radiopharm’s clinical programs are showing encouraging progress, particularly with RAD101, which is nearing the completion of its Phase 2b trial with promising initial data. Additionally, other programs like RAD204 and RAD202 are demonstrating positive early results in their respective trials, indicating potential for further development. The company’s commitment to innovation in radiopharmaceuticals, including collaborations with reputable institutions, further strengthens its position in the market. These factors collectively contribute to the optimistic outlook and justify the Buy rating.
In another report released on October 30, B. Riley Securities also reiterated a Buy rating on the stock with a $15.00 price target.