Piper Sandler analyst Swapnil Malekar raised the firm’s price target on Mirati Therapeutics to $87 from $84 and keeps an Overweight rating on the shares. The company received FDA approval for Krazati with the label language in line with the efficacy seen in the K-1 study, Malekar tells investors in a research note. The analyst views the overall label language to be largely similar to Lumakras and believes that the risk/benefit profile of the two drugs is identical.
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