Oppenheimer analyst Matthew Biegler raised the firm’s price target on Ideaya Biosciences to $26 from $22 and keeps an Outperform rating on the shares after the company announced the initiation of darovasertib’s Phase 2 trial in neoadjuvant and adjuvant uveal melanoma. The design of the trial appears to be consistent with the one proposed by management at its December R&D day, the analyst tells investors in a research note.
Published first on TheFly
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