Analyst Ratings And ValuationAnalyst reiterates a Buy rating for Relay Therapeutics Inc, indicating confidence in the stock's potential.
Clinical Trials And DevelopmentRelay's mutant and isoform-selective PI3ka inhibitor, RLY-2608, improved significantly in efficacy, reaching a median PFS of 9.2 months and ORR of 33%, pointing to potential best-in-class status.
Financial PerformanceWith $840 million in cash, Relay has a solid financial runway to support its ongoing and future clinical developments.