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PMV Pharmaceuticals upgraded at Oppenheimer ahead of rezatapopt readout

PMV Pharmaceuticals upgraded at Oppenheimer ahead of rezatapopt readout

Oppenheimer upgraded PMV Pharmaceuticals (PMVP) to Outperform from Perform with a $6 price target after the company reported Q3 results and provided a business update. The Phase 2 pivotal monotherapy trial for rezatapopt remains on track, with interim results anticipated mid-2025, notes the analyst, who cites the valuation discrepancy versus cash and the upcoming interim readout.

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