Abdul Rahman
Sat, May 2, 2026 astatine 1:30 PM CDT 2 min read
On April 23, Mizuho reiterated an Outperform standing connected Revolution Medicines Inc. shares (NASDAQ:RVMD) and raised the terms people to $185 from $140.
The terms people hike comes amid increasing assurance astir the company’s pb campaigner drug, daraxonrasib, successful the attraction of pancreatic cancer. The probe steadfast has already accrued the drug’s occurrence probability to 90% from 80%, buoyed by caller objective proceedings data. It has besides accelerated the drug’s adoption trajectory arsenic a first- and second-line attraction for pancreatic cancer.
Immediate first-line information showed landmark analyses astatine 6 months for the daraxonrasib regimen that were comparable to those of gemcitabine positive nab-paclitaxel. Mizuho remains optimistic astir the ongoing RaSolute 303 survey pursuing daraxonrasib’s show arsenic a second-line treatment. It expects the cause to make $14 cardinal successful risk-adjusted pancreatic crab revenues by 2035.
Revolution Medicines Inc. (NASDAQ:RVMD) is simply a clinical-stage oncology company. It develops targeted therapies for patients with RAS-addicted cancers, which thrust astir 30% of quality cancers. The institution uses a proprietary tri-complex inhibitor level to people progressive RAS proteins (RAS-ON inhibitors).
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