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Bicara Therapeutics initiated with a Buy at JonesResearch

JonesResearch initiated coverage of Bicara Therapeutics (BCAX) with a Buy rating and $22 price target The firm says clinical data from Keytruda combinations with bispecific antibodies of Bicara and Merus (MRUS) showed more than doubling of clinical benefits in head and neck cancer. Bicara’s “differentiated drug profile offers a compelling investment case,” the analyst tells investors in a research note. JonesResearch views the shares as oversold at current levels.

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