In a report released yesterday, Sam Slutsky from LifeSci Capital maintained a Buy rating on ArriVent BioPharma, Inc., with a price target of $37.00.
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Sam Slutsky has given his Buy rating due to a combination of factors that highlight ArriVent BioPharma, Inc.’s promising position in the market. The final analysis from the Phase 1b FURTHER trial in EGFR PACC NSCLC patients demonstrated strong efficacy results. The trial showed a median progression-free survival of 16.0 months, a median duration of response of 14.6 months, and a confirmed objective response rate of 68.2% in the high-dose cohort, which underscores the potential of firmonertinib in this relatively open field.
Additionally, the CNS-penetrant nature of firmonertinib and its efficacy in CNS metastases, with a CNS-cORR of 37.5% at the 240mg dose, further supports its clinical utility. Despite investor concerns regarding the Phase 3 comparator arm, the data suggests a competitive advantage in the EGFR PACC market, which represents a significant portion of the EGFR mutant NSCLC landscape. These factors, combined with the company’s financial standing and strategic focus, contribute to the Buy rating.