JPMorgan downgraded Replimune (REPL) to Underweight from Neutral without a price target The regulatory path forward for RP1 is unclear and potentially challenging, the analyst tells investors in a research note. The firm believes accelerated approval is less likely following the company’s Type A meeting with the FDA earlier this week. JPMorgan now sees potential for Replimune shares to underperform the broader biotech markets.
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