Potential SetbacksA setback in the Jemincare’s phase 2 study in CSU and asthma could call into question the potential success of RPT904.
Price Target AdjustmentThe price target has been adjusted from $51 to $38, reflecting updated model assumptions including the removal of the oncology program.
Visibility ChallengesGiven the prior pipeline setbacks for the company, RPT904 remains somewhat under-the-radar and may need company-sponsored data to increase visibility of the asset.