B. Riley initiated coverage of Actuate Therapeutics (ACTU) with a Buy rating and $20 price target The firm views the company’s lead asset elraglusib as a “transformative” advancement in pancreatic ductal adenocarcinoma treatment. In a Phase 2 study, elraglusib delivered an “unprecedented” survival benefit in the front-line setting with a 37% reduction in death risk that remained consistent in more aggressive disease characterized by the presence of liver metastasis, the analyst tells investors in a research note.
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