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Stock impact report

Piper Sandler and H.C. Wainwright Stay Bullish on CytomX (CTMX) [Yahoo! Finance]

CytomX Therapeutics, Inc. (CTMX) 
Last cytomx therapeutics, inc. earnings: 11/7 04:09 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.cytomx.com
Company Research Source: Yahoo! Finance
Also on December 5, H.C. Wainwright reiterated its Buy rating on CytomX Therapeutics, Inc. (NASDAQ:CTMX) with a price target of $10. This update comes as the company approaches an important data readout for its CX-2051 therapy in colorectal cancer. H.C. Wainwright outlined specific performance benchmarks to measure how successful the upcoming dataset could be. In its most optimistic or “slam dunk” scenario, the firm expects an objective response rate of 25% to 30% or higher, median progression-free survival of at least six months, and Grade 3 diarrhea in less than 5% of patients. H.C. Wainwright also described a “bull case” scenario, which would still be seen as positive. This will include an objective response rate of 15% to 20% or higher, a median progression-free survival of at least five months, and Grade 3 diarrhea in less than 10% of patients. The research firm's analysis included input from Dr. Michael Pishvaian, who was reportedly impressed by the CX-2051's interim data, an Show less Read more
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