Analyst Charles Zhu of LifeSci Capital maintained a Buy rating on Molecular Partners (MOLN – Research Report), retaining the price target of $12.00.
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Charles Zhu has given his Buy rating due to a combination of factors related to Molecular Partners’ recent developments in their oncology pipeline. The company presented promising data on their new Radio-DARPin candidate, MP0726, which targets mesothelin for the treatment of ovarian cancer. This candidate has shown a strong binding affinity and favorable tumor accumulation metrics, which are critical for its potential effectiveness.
Additionally, MP0726 is designed to overcome historical challenges associated with mesothelin-targeting therapies, such as the mesothelin sink effect, by binding to a proximal portion of the target. The high expression of mesothelin in ovarian cancer cases and the substantial market opportunity further support the Buy rating. The company’s strategic focus and operational efficiency, reflected in their extended cash runway, also contribute to the positive outlook on the stock.
Zhu covers the Healthcare sector, focusing on stocks such as Merus, Kura Oncology, and IDEAYA Biosciences. According to TipRanks, Zhu has an average return of -8.5% and a 38.94% success rate on recommended stocks.