JonesTrading analyst Soumit Roy has maintained their bullish stance on ELVN stock, giving a Buy rating on February 3.
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Soumit Roy’s rating is based on the potential of Enliven Therapeutics’ innovative treatments in progress, particularly their two differentiated tyrosine kinase inhibitors (TKIs), ELVN-001 and ELVN-002. ELVN-001, a BCR-ABL1 inhibitor designed as a follow-on therapy to Scemblix, has shown promising clinical data with favorable tolerability and efficacy, making it a competitive candidate in the treatment of chronic myeloid leukemia (CML).
Enliven is expected to provide meaningful data updates for ELVN-001 in mid and late 2025, which will be pivotal as they prepare for a Phase 3 trial in 2026. Additionally, the company’s strategy, including their compliance with FDA’s Project OPTIMUS and the planned dose escalation studies, supports the potential success of their clinical trials. These factors, coupled with a solid financial position and strategic management plans, underpin Soumit Roy’s Buy rating for Enliven Therapeutics.
In another report released on February 3, Mizuho Securities also maintained a Buy rating on the stock with a $39.00 price target.