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Ascentage Pharma initiated with a Buy at Deutsche Bank

Deutsche Bank initiated coverage of Ascentage Pharma (AAPG) with a Buy rating and $40 price target The company two “de-risked, commercially validated” mechanisms in olverembatinib and Lisaftoclax, the analyst tells investors in a research note. The firm believes Lisaftoclax is positioned for continued commercial traction in China, which provides immediate access to larger patient volumes.

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