In a report released on April 29, Dennis Kennedy from LifeSci Capital maintained a Buy rating on Perspective Therapeutics (CATX – Research Report), with a price target of $17.00.
Dennis Kennedy has given his Buy rating due to a combination of factors related to Perspective Therapeutics’ recent advancements and strategic positioning in the field of targeted radioligand therapy. The company has initiated a Phase 1/2a trial for their novel therapy, [212Pb]PSV359, which targets FAP-α positive solid tumors. This therapy shows promise due to its ability to achieve high tumor uptake and prolonged retention, which are critical factors for clinical efficacy.
Another reason for the Buy rating is the competitive landscape and the potential for Perspective Therapeutics to outperform its peers. While other companies, like Eli Lilly, have faced challenges with tumor retention in their FAP-targeted therapies, Perspective’s approach may offer a more effective solution. Additionally, the company’s financial position, with approximately two years of cash runway, supports its ongoing research and development efforts, making it a compelling investment opportunity.
CATX’s price has also changed dramatically for the past six months – from $11.870 to $2.410, which is a -79.70% drop .