Citi analyst Yigal Nochomovitz lowered the firm’s price target on Arcus Biosciences (RCUS) to $44 from $56 and keeps a Buy rating on the shares after the company announced that the Phase 3 STAR-221 trial has been discontinued due to futility observed at a pre-specified interim analysis. Following the news, the firm has removed domvanalimab plus zimberelimab in gastric-related indications from its valuation, but remains positive on casdatifan ahead of readouts in 2026, the analyst tells investors.
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