Piper Sandler and H.C. Wainwright Stay Bullish on CytomX (CTMX)

CytomX Therapeutics, Inc. (NASDAQ:CTMX) is 1 of the 10 Best US Penny Stocks to Buy. On December 5, Piper Sandler reaffirmed its Buy standing connected CytomX Therapeutics, Inc. (NASDAQ:CTMX) with a terms people of $6.50.

Also connected December 5, H.C. Wainwright reiterated its Buy standing connected CytomX Therapeutics, Inc. (NASDAQ:CTMX) with a terms people of $10. This update comes arsenic the institution approaches an important information readout for its CX-2051 therapy successful colorectal cancer. H.C. Wainwright outlined circumstantial show benchmarks to measurement however palmy the upcoming dataset could be. In its astir optimistic oregon “slam dunk” scenario, the steadfast expects an nonsubjective effect complaint of 25% to 30% oregon higher, median progression-free endurance of astatine slightest six months, and Grade 3 diarrhea successful little than 5% of patients.

H.C. Wainwright besides described a “bull case” scenario, which would inactive beryllium seen arsenic positive. This volition see an nonsubjective effect complaint of 15% to 20% oregon higher, a median progression-free endurance of astatine slightest 5 months, and Grade 3 diarrhea successful little than 10% of patients. The probe firm’s investigation included input from Dr. Michael Pishvaian, who was reportedly impressed by the CX-2051’s interim data, and particularly noted its show successful patients antecedently treated with irinotecan.

On the downside, the steadfast besides defined a “bear case” scenario. This would see an nonsubjective effect complaint of 10% oregon little with a median progression-free endurance of lone 2 to 3 months. These benchmarks supply investors with wide metrics to measure the upcoming objective results.

CytomX Therapeutics, Inc. (NASDAQ:CTMX) is simply a clinical-stage, oncology-focused biopharmaceutical institution focused connected processing masked biologics that conditionally activate successful the tumor microenvironment.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.