Leerink analyst Faisal A. Khurshid initiated coverage of Nurix Therapeutics (NRIX) with a Market Perform rating and $16 price target The firm notes the company is developing early-stage protein degraders in oncology and I&I. While the early data for BTK degrader NX-5948 in CLL are compelling, Leerink has reservations on the path to value creation without a strategic partner. The firm is optimistic on the prospects in I&I for NX-5948 and partnered programs, but these programs are in highly competitive spaces, and Leerink would need to see further progress to have higher conviction.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NRIX:
- Nurix Therapeutics treatment of Waldenstrom macroglobulinemia gets orphan status
- Nurix Therapeutics Appoints Dr. Roy D. Baynes to Board
- Nurix Therapeutics price target raised to $17 from $16 at Morgan Stanley
- Nurix Therapeutics Faces Financial Risks Amid Supreme Court Regulatory Shift
- Nurix Therapeutics Reports Solid Progress and Strong Pipeline
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue