B. Riley raised the firm’s price target on Kymera Therapeutics (KYMR) to $117 from $80 and keeps a Buy rating on the shares. The firm says KT-621 demonstrated strong Phase 1b results in moderate to severe atopic dermatitis. The efficacy was observed even in subjects with minimal prior dupilumab exposure and showed no plateauing at 28 days, the analyst tells investors in a research note.
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