Barclays analyst Etzer Darout raised the firm’s price target on C4 Therapeutics (CCCC) to $10 from $8 and keeps an Overweight rating on the shares after the company presented over the weekend updated Phase 1 dose escalation data for cemsidomide in combination with dexamethasone in patients with relapsed/refractory multiple myeloma. The data support a clinical benefit profile that is differentiated in multiple myeloma, the analyst tells investors in a research note. Barclays points out that across all doses, 34% of patients achieved a partial response.
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