Stifel raised the firm’s price target on Palvella Therapeutics (PVLA) to $145 from $87 and keeps a Buy rating on the shares. Despite the “tremendous outperformance of shares,” the firm still sees room for upside, not just from the Phase 2 TOIVA proof-of-concept trial data for QTORIN rapamycin 3.9% in cVMs due in mid-December but also the “numerous value-creating programs” it sees coming from the QTORIN platform, the analyst tells investors.
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