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Theriva Biologics upgraded to Buy at Maxim on clearer VCN-01 path

As previously reported, Maxim Jason McCarthy upgraded Theriva Biologics (TOVX) to Buy from Hold with a $1 price target The firm says the the path forward for VCN-01 in first-line metastatic pancreatic cancer becomes clearer and more capital-efficient, the analyst tells investors in a research note. If Theriva can “dial in” the dosing of VCN-01 to maximize improvements in overall survival, that could be de-risking for a Phase 3 program and for potential partnering for that program, Maxim added.

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