Raymond James analyst Christopher Raymond initiated coverage of Kalaris Therapeutics (KLRS) with a Strong Buy rating and $23 price target The stock’s current valuation reflects zero chance of the company’s lead asset TH103 showing any differentiation, let alone clinical utility when proof of concept data are presented later this year, the analyst tells investors in a research note. The firm believes TH103 has the potential to address unmet needs in the age-related macular degeneration and diabetic macular edema markets.
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