Emily Bodnar, an analyst from H.C. Wainwright, maintained the Buy rating on Olema Pharmaceuticals. The associated price target remains the same with $28.00.
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Emily Bodnar’s rating is based on the promising developments in Olema Pharmaceuticals’ clinical trial collaborations, particularly with Pfizer. The new Phase 1b/2 trial combining palazestrant with atirmociclib is seen as a strategic expansion of Olema’s therapeutic portfolio, targeting ER+/HER2- metastatic breast cancer. The collaboration with Pfizer, a major pharmaceutical company, not only enhances the credibility of Olema’s research but also suggests confidence in the efficacy of their combination therapies.
Additionally, the potential for atirmociclib to reduce common side effects associated with CDK4/6 inhibitors could lead to more effective treatments, further supporting the Buy rating. The ongoing advancement of Olema’s pivotal Phase 3 study and the anticipated data presentations at upcoming conferences are expected to provide further insights into the efficacy of their combination therapies. These factors collectively contribute to the optimism surrounding Olema’s stock, justifying the Buy recommendation.
According to TipRanks, Bodnar is an analyst with an average return of -2.7% and a 33.16% success rate. Bodnar covers the Healthcare sector, focusing on stocks such as Agenus, Agios Pharma, and BriaCell Therapeutics.
In another report released today, LifeSci Capital also maintained a Buy rating on the stock with a $27.00 price target.