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Palvella Therapeutics price target raised to $200 from $120 at Oppenheimer

Oppenheimer raised the firm’s price target on Palvella Therapeutics (PVLA) to $200 from $120 and keeps an Outperform rating on the shares after the company reported the Phase 2 TOIVA readout for Qtorin rapamycin in cutaneous venous malformations. The firm says 10 of 15 patients presented as “much improved” or “very much improved” over just 12 weeks.

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