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BeOne Medicines price target raised to $408 from $395 at RBC Capital

RBC Capital raised the firm’s price target on BeOne Medicines (ONC) to $408 from $395 and keeps an Outperform rating on the shares. The Ziihera phase III HORIZON-GEA update clears the way for a potential 1L approval in combination with Tevimbra and chemotherapy and adds incremental upside to shares, the analyst tells investors in a research note.

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