Stifel analyst Bradley Canino initiated coverage of Theseus Pharmaceuticals (THRX) with a Buy rating and $24 price target. The company’s Predictive Resistance Assay was validated by Deciphera’s (DCPH) INTRIGUE subgroup data published recently in January, the firm said. That data increases the likelihood that THE-630 achieves pan-KIT inhibition, the analyst contends, adding that the firm expects THE-630 to be "competitive as a late-comer" based on better convenience and tolerability.
Published first on TheFly
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