Clinical Trial ResultsIGNYTE trial results support approval with an objective response rate of 33.6%, which is significantly higher than expected with anti-PD1 agents alone.
FDA Approval ProcessThe FDA has accepted the resubmission of the Biologics License Application for RP1 + Opdivo for review, indicating progress towards potential approval.
Market ConfidenceThe price target has been increased to $13, mainly reflecting increased probability of success for RP1 in its current indication.