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Century Therapeutics price target raised to $12 from $9 at Piper Sandler

Century Therapeutics price target raised to $12 from $9 at Piper Sandler

Piper Sandler analyst Edward Tenthoff raised the firm’s price target on Century Therapeutics to $12 from $9 and keeps an Overweight rating on the shares. The firm notes Century is preparing to initiate the Phase I CALiPSO-1 study of CD-19 iNK CNTY-101 in SLE with initial data in Q4 2024, and expects to expand into additional autoimmune diseases. At ASCO, Phase I ELiPSE-1 data showed CNTY-101 achieved ORR of 40%, including 3 CRs and 1 PR in B cell lymphoma patients. Importantly, no cases of GvHD or DLTs were reported.

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