Scotiabank lowered the firm’s price target on Arcellx (ACLX) to $93 from $133 and keeps an Outperform rating on the shares. While iMMagine-1 results support an ultimately positive trial outcome in end-stage multiple myeloma, changes at Centers for Biologics Evaluation and Research warn of new regulatory risk that has begun and will continue to weigh on the anito-cel regulatory path, the analyst tells investors.
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Read More on ACLX:
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