Morgan Stanley analyst Maxwell Skor raised the firm’s price target on Pharvaris (PHVS) to $41 from $37 and keeps an Overweight rating on the shares. With RAPIDe-3, the firm sees confirmation of a differentiated, rapid, and durable oral on-demand profile. The firm added that it expects investor focus to shift now to the planned NDA submission in 1H26 and the pivotal prophylactic data readout expected in 2H26.
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