Immuneering (IMRX – Research Report), the Healthcare sector company, was revisited by a Wall Street analyst today. Analyst Ami Fadia from Needham maintained a Buy rating on the stock and has a $9.00 price target.
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Ami Fadia has given his Buy rating due to a combination of factors related to Immuneering’s promising clinical data and competitive positioning. The upcoming Phase 2a data for Immuneering’s IMM-1-104, in combination with chemotherapy, is anticipated to show favorable outcomes in terms of overall response rate (ORR) and progression-free survival (PFS) in first-line pancreatic ductal adenocarcinoma (PDAC). The expected PFS is projected to be in the range of 7-8 months, which is competitive against the current standard of care and emerging treatments.
Moreover, the safety profile of IMM-1-104 is expected to remain consistent with previous updates, showing no new adverse events. This stability in safety, combined with the potential for improved efficacy, positions Immuneering well against both existing treatments and new entrants in the market. These factors contribute to the positive outlook and the Buy rating provided by Ami Fadia.