Leerink analyst David Risinger lowered the firm’s price target on Xoma (XOMA) to $45 from $58 and keeps an Outperform rating on the shares. The firm removed RZ358 royal contributions from the company’s model after Xoma’s partner Rezolute (RZLT) announced a Phase 3 study failure. It believes RZ358’s growth prospects are still “robust” despite the failure in congenital hyperinsulinism.
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