Canaccord analyst Whitney Ijem lowered the firm’s price target on Palvella Therapeutics (PVLA) to $52 from $53 and keeps a Buy rating on the shares. The firm said its 1Q25 earnings report was incrementally positive relative to our recent initiation. Pipeline progress remains on track, and newly announced was that QTORIN rapamycin’s Ph3 had exceeded the target enrollment goal of n=40 ahead of schedule.
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