Oppenheimer raised the firm’s price target on Cellectar Biosciences to $12 from $11 and keeps an Outperform rating on the shares. The firm notes that on Wednesday, Cellectar reported year-end results following January’s impressive interim readout for the pivotal iopofosine I-131 study in WM. Management remains confident in its second half of 2024 NDA filing goal, with an approval under fast-track possible mid-year 2025. Updated data anticipated in May, which Oppenheimer expects to validate the positive interim read. The firm’s discussion with management highlighted the opportunity for a broader label, supporting Oppenheimer’s confidence in the market.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLRB:
- Options Volatility and Implied Earnings Moves Today, March 27, 2024
- Cellectar Biosciences Reports Financial Results for Year Ended 2023 and Provides a Corporate Update
- Options Volatility and Implied Earnings Moves This Week, March 26 – March 28, 2024
- Cellectar Biosciences to Announce 2023 Year End Earnings Results and Host a Conference Call on Wednesday, March 27, 2024
- CLRB Upcoming Earnings Report: What to Expect?