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Climb Bio initiated with a Buy at H.C. Wainwright

H.C. Wainwright analyst Raghuram Selvaraju initiated coverage of Climb Bio (CLYM) with a Buy rating and $9 price target The firm views Climb Bio as a “disruptive innovator” in the field of B cell-mediated autoimmune diseases. Comparable valuations “hint at considerable upside potential” for the shares, the analyst tells investors in a research note.

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