Long-term ValuationPotential single-digit royalties and milestones from AZN’s Fc-silent TIGIT x PD-1 bispecific rilvegostomig supports a positive long-term valuation for Compugen.
Pharmaceutical DevelopmentAZN continues to aggressively initiate Ph 3 studies with rilvegostomig, increasing the probability that Compugen will receive royalties from this program.
Price Target RevisionThe price target has been revised to $10 from $7, reiterating an outperform (OP) rating.