Canaccord raised the firm’s price target on Palvella Therapeutics (PVLA) to $148 from $90 and keeps a Buy rating on the shares. The firm said 3Q25 earnings was uneventful as everything is on track: top-line Ph2 CVM data is expected in mid-December and top-line Ph3 MLM data in 1Q26. Canaccord said the bigger news was announcement of a new product candidate; QTORIN pitavastatin for the treatment of disseminated superficial actinic porokeratosis (DSAP).
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