Canaccord lowered the firm’s price target on Aptose Biosciences to $8 from $13 and keeps a Buy rating on the shares. The analyst reduced the target due to our lowering of probability of success for luxeptinib in light of the company’s focus on the lead asset, tuspetinib. Canaccord said we continue to base our PT off of expectations for further clinical activity for HM43239 in AML and for luxeptinib in AML and B-cell malignancies at higher doses.
Published first on TheFly
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