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RBC Capital remains ‘conservative’ on Gilead’s Trodelvy and Yeztugo

RBC Capital keeps a Sector Perform rating and $122 price target on Gilead (GILD) after hosting the RBC healthcare conference with a presentation by the company CMO. There was high management enthusiasm around anito-cel, the Tubulis platform, and potential path for and impact of once-yearly lenacapavir, though the I&I platform still sounds relatively early for investors to ascribe meaningful value to, with the firm also remaining more conservative on Trodelvy’s and Yeztugo’s long term opportunities, the analyst tells investors in a research note.

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