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Acrivon Therapeutics, Inc. Receives Buy Rating Due to Promising Clinical Data and Strategic Trial Expansion

Acrivon Therapeutics, Inc. Receives Buy Rating Due to Promising Clinical Data and Strategic Trial Expansion

H.C. Wainwright analyst Emily Bodnar has maintained their bullish stance on ACRV stock, giving a Buy rating yesterday.

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Emily Bodnar’s rating is based on the promising clinical data updates from Acrivon Therapeutics, Inc., particularly regarding their ACR-368 and ACR-2316 programs. The company has shown significant efficacy in treating endometrial cancer, with a confirmed objective response rate (cORR) of 35% and a disease control rate (DCR) of 80% in OncoSignature-positive patients. This is notably higher compared to previous therapies, indicating strong potential for the treatment’s success.
Additionally, Acrivon’s strategic decision to add a third cohort in their Phase 2b trial, which does not require a pre-treatment biopsy, could streamline patient enrollment and make the trial more accessible. This approach may lead to a cORR in the range of 20-30%, which is still favorable for patients who have exhausted other treatment options. The early clinical activity observed in their Phase 1 trial of ACR-2316, including tumor shrinkage, further supports the positive outlook for the company’s pipeline, contributing to the Buy rating.

In another report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $8.00 price target.

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