H.C. Wainwright raised the firm’s price target on Roivant Sciences to $18 from $17 and keeps a Buy rating on the shares. The analyst says drepocitinib demonstrated “best-in-class” potential in noninfectious uveitis. “With this important win, we now look ahead to brepocitinib’s Phase 3 readout in dermatomyositis with data expected in 2025,” the analyst tells investors in a research note.
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