Chardan analyst Geulah Livshits lowered the firm’s price target on Achilles Therapeutics to $17 from $20 and keeps a Buy rating on the shares after the company presented data on its clonal neoantigen-reactive T cell platform from phase I/IIa trials CHIRON and THETIS in advanced NSCLC and melanoma, respectively, at ESMO I-O. The price target is based on probability-adjusted modeling of key franchises and "conservatively" incorporates dilution from a $15M equity raise in late 2022, Livshits noted.
Published first on TheFly
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