Analyst Dennis Kennedy of LifeSci Capital maintained a Buy rating on Perspective Therapeutics (CATX – Research Report), retaining the price target of $17.00.
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Dennis Kennedy has given his Buy rating due to a combination of factors related to Perspective Therapeutics’ financial health and clinical progress. The company reported a strong cash position of $212 million, which is expected to sustain operations through late 2026, providing a solid financial foundation for ongoing and future projects.
Moreover, Perspective Therapeutics is making significant advancements in its clinical programs, particularly with its Pb-212 based radioligand therapy, VMT-α-NET. The ongoing Phase 1/2a study has shown promising results with confirmed partial responses and no severe adverse effects, indicating a favorable safety profile. Additionally, the company’s strategic focus on combination therapies, such as VMT01 with nivolumab for melanoma, and the initiation of new trials like PSV359, further underscore its commitment to innovation and potential for growth in the oncology space.
According to TipRanks, Kennedy is a 2-star analyst with an average return of 5.5% and a 75.00% success rate. Kennedy covers the Healthcare sector, focusing on stocks such as Perspective Therapeutics, Scholar Rock Holding, and Corbus Pharmaceuticals.