JPMorgan analyst Anupam Rama double downgraded CytomX Therapeutics to Underweight from Overweight without a price target. Sentiment on the shares has shifted to a "show-me-story," post multiple clinical setbacks over the last 12 months for key assets, Rama tells investors in a research note. The analyst sees CytomX as a relative underperformer versus the broader biotech space.
Published first on TheFly
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