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Ideaya Biosciences price target lowered to $52 from $54 at Wedbush

Wedbush lowered the firm’s price target on Ideaya Biosciences to $52 from $54 after adjusting assumption of approval timing, while keeping an Outperform rating on the shares. The firm notes Ideaya held an investor webcast to share positive data update for daro in uveal melanoma in the neoadjuvant setting, and provided an update from a recent FDA Type C meeting for a registrational study.

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