JonesTrading analyst Soumit Roy has maintained their bullish stance on ELVN stock, giving a Buy rating on May 29.
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Soumit Roy has given his Buy rating due to a combination of factors that highlight the potential of Enliven Therapeutics in the treatment landscape for Chronic Myeloid Leukemia (CML). The recent discussions at ASCO 2025 have underscored the growing acceptance of Scemblix as a frontline treatment for CP-CML, despite some limitations. This development is significant for Enliven as it positions their ELVN-001 as a promising follow-on treatment option, especially for patients who might not respond well to Scemblix or require combination therapies. The upcoming data release from the Phase 1b ENABLE trial is expected to provide further insights into ELVN-001’s efficacy and safety, which could pave the way for a registration-enabling Phase 3 trial in 2026.
Moreover, the competitive efficacy and potentially superior safety profile of ELVN-001 are key factors that contribute to the positive outlook for Enliven. The ongoing trials and data presentations are crucial in establishing ELVN-001’s role in the treatment of CML, particularly for patients who have developed resistance to other therapies. These strategic advancements and the anticipated data updates are central to Soumit Roy’s optimistic view and Buy rating for Enliven Therapeutics.
In another report released on May 29, LifeSci Capital also maintained a Buy rating on the stock with a $38.00 price target.