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Inventiva initiated with an Outperform at Leerink

Leerink initiated coverage of Inventiva (IVA) with an Outperform rating and $12 price target The company is a is clinical-stage biotech advancing lanifibranor, a once- daily oral pan-PPAR agonist, for the treatment of metabolic dysfunction-associated steatohepatitis, the analyst tells investors in a research note. The firm says lanifibranor’s balanced activation of all three PPAR isoforms positions it to directly address the core drivers of MASH.

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