B. Riley raised the firm’s price target on Kymera Therapeutics to $36 from $31 and keeps a Neutral rating on the shares after the company announced that its partner Sanofi intends to accelerate the development of KT-474 by expanding ongoing Phase II studies. The firm views this development as a mild positive for Kymera shares.
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Read More on KYMR:
- Kymera Therapeutics to Present in Fireside Chat at the UBS Virtual Targeted Protein Degradation Day
- Kymera Therapeutics Advances with Sanofi in Phase 2 Trials
- Kymera Announces Expansion of KT-474 (SAR444656) HS and AD Phase 2 Studies Following Interim Review of Safety and Efficacy
- Kymera Therapeutics Shareholders Approve Key Governance Proposals
- Kymera Therapeutics presents clinical data from Phase 1 trial of KT-333
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