Jefferies analyst Roger Song initiated coverage of Gyre Therapeutics (GYRE) with a Buy rating and $16 price target Gyre is a global commercial biotech with expanding China sales that will supporting pipeline progress, the analyst tells investors in a research note. The firm says the company’s lead asset hydronidone’s Phase 3 study in fibrosis regression in chronic hepatitis B likely supports a first-in-class launch in China in 2026.
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