Leerink Partners analyst Jeffrey La Rosa has maintained their bullish stance on JANX stock, giving a Buy rating on May 5.
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Jeffrey La Rosa has given his Buy rating due to a combination of factors related to Janux Therapeutics Inc’s recent developments with their lead candidate, JANX007. The company has made significant progress in the treatment of metastatic castration-resistant prostate cancer (mCRPC) by finalizing dose selections and commencing Phase 1b dose expansion cohorts. By targeting earlier-line mCRPC, Janux aims to demonstrate improved safety and durability, leveraging better patient immune fitness and lower tumor burden.
Furthermore, Janux’s decision to focus on 6 and 9 mg target dosing reflects a strategic move to balance efficacy and safety, avoiding the increased risks associated with higher doses. This approach positions JANX007 favorably against competitors, particularly in terms of safety, which is a crucial consideration in the treatment landscape. The reported safety profile of JANX007 is seen as a competitive advantage over other TCE prostate cancer treatments, reinforcing the Buy rating from Jeffrey La Rosa.
According to TipRanks, La Rosa is an analyst with an average return of -43.1% and a 15.38% success rate.
In another report released on May 5, Bank of America Securities also maintained a Buy rating on the stock with a $65.00 price target.