Cantor Fitzgerald analyst Li Watsek initiated coverage of Compass Therapeutics (CMPX) with an Overweight rating and no price target The company is is approaching readouts for its lead bispecific antibody, tovecimig, in late Q1, the analyst tells investors in a research note. Cantor believes the stock “has an asymmetrical setup” into the readout. It believes the Street underestimates the peak sales of tovecimig in second-line biliary tract cancer, which it thinks could reach $712M by 2032.
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