In a report released today, Soumit Roy from JonesTrading maintained a Buy rating on Mural Oncology Plc (MURA – Research Report), with a price target of $16.00.
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Soumit Roy’s rating is based on several promising factors surrounding Mural Oncology Plc’s stock. The company’s focus on nemvaleukin, a differentiated IL-2 therapy, represents a significant advancement in the treatment of platinum-resistant ovarian cancer (PROC). The positive interim survival outcomes expected from the Phase 3 ARTISTRY-7 trial in early 2025 highlight the potential for significant improvements in patient survival rates, which could lead to favorable regulatory milestones, such as a BLA filing in the third quarter of 2025.
Additionally, Mural’s strong cash position of approximately $175 million, providing a financial runway until the first quarter of 2026, supports the company’s ongoing development efforts and reduces financial risks. The strategic alignment of key catalysts in the first half of 2025 further strengthens the risk/reward profile in favor of MURA. These factors collectively suggest a strong potential for the stock to appreciate significantly if the trial meets its success criteria, justifying the Buy rating.