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Vera Therapeutics price target raised to $65 from $61 at Guggenheim

Guggenheim raised the firm’s price target on Vera Therapeutics (VERA) to $65 from $61 and keeps a Buy rating on the shares after the company reported “overwhelmingly positive” topline results from its pivotal Phase 3 ORIGIN 3 trial in IgA nephropathy. Following the data, the firm is increasing its view of the probability of success for atacicept to 90% from 85%, the analyst noted.

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