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Oric Pharmaceuticals assumed with a Buy at Guggenheim

Guggenheim analyst Brad Canino assumed coverage of Oric Pharmaceuticals (ORIC) with a Buy rating and $18 price target The company’s ORIC-944 has potentially best-in-class properties for the emerging PRC2 inhibitor class for prostate cancer, the analyst tells investors in a research note. The firm believes this thesis may become validated in the near-term with a first Pfizer (PFE) mevrometostat Phase 3 readout.

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