Jefferies raised the firm’s price target on Monte Rosa Therapeutics (GLUE) to $31 from $22 and keeps a Buy rating on the shares after MRT-8102 showed deep reduction of inflammatory biomarker hsCRP in healthy volunteers and subjects with elevated cardiovascular risk in a Phase 1 study. The firm sees the data providing “strong” early proof of concept with broad potential across cardiometabolic diseases, the analyst tells investors.
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