Citizens JMP raised the firm’s price target on Rezolute (RZLT) to $17 from $9 and keeps an Outperform rating on the shares. Rezolute remains on track to report top-line data in December from the Phase 3 sunRIZE study evaluating ersodetug in congenital hyperinsulinism, the analyst tells investors in a research note. Citizens remains confident in the potential for positive results driven by compelling efficacy and safety/tolerability demonstrated in the Phase 2b study.
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