Goldman Sachs raised the firm’s price target on Nuvalent (NUVL) to $135 from $120 and keeps a Buy rating on the shares. Neladalkib continues to show best-in-class efficacy vs. other anaplastic lymphoma kinase tyrosine kinase inhibitors in refractory patients, the analyst tells investors in a research note. The firm continues to believe Nuvalent could seek NCCN guideline recommendations for neladalkib in 1L ALK+ NSCLC ahead of its approval there following a similar strategy for zidesamtinib in 1L ROS1+ NSCLC.
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