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Biomea Fusion assumed with an Overweight at Piper Sandler

Piper Sandler analyst Edward Tenthoff assumedcoverage of Biomea Fusion (BMEA) with an Overweight rating and $7 price target The company is developing icovamenib to treat diabetes, a covalent menin inhibitor, the analyst tells investors in a research note. Piper views Biomea as an emerging diabetes and obesity play.

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