BTIG analyst Julian Harrison raised the firm’s price target on CymaBay Therapeutics to $18 from $15 and keeps a Buy rating on the shares. The ELATIVE trial results from Ipsen and Genfit leave a good chance for CymaBay’s seladelpar to emerge as the best-in-class PPAR agonist for primary biliary cholangitis, the analyst tells investors in a research note. The firm views the results as the “best case scenario” for CymaBay.
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