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Biomea Fusion price target raised to $19 from $10 at Piper Sandler
The Fly

Biomea Fusion price target raised to $19 from $10 at Piper Sandler

Piper Sandler analyst Joseph Catanzaro raised the firm’s price target on Biomea Fusion (BMEA) to $19 from $10 and keeps an Overweight rating on the shares. The firm notes Biomea reported Q3 earnings and provided a pipeline update. Most notably, Biomea is now specifically guiding towards Phase II topline readouts in both T2D and T1D in December.

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