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Nuvation Bio initiated with a Buy at Truist

Truist initiated coverage of Nuvation Bio (NUVB) with a Buy rating and $11 price target Ibtrozi’s FDA approvoal positions Nuvation Bio as a commercial-stage player in precision oncology, notes the analyst, who likes the launch set-up “led by a proven team” and supported by Ibtrozi’s competitive profile in ROS1 non-small cell lung cancer.

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