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Stock impact report

How Much Can Nuvation Bio (NUVB) Make From Ibtrozi Sales? [Yahoo! Finance]

Nuvation Bio Inc. Class A (NUVB) 
Company Research Source: Yahoo! Finance
The stock carries a Strong Buy rating with an average price target of $11.93, which indicates more than 160% upside. How Much Can Nuvation Bio Inc (NUVB) Make From Ibtrozi Sales? Photographee.eu/Shutterstock.com On April 8, Truist Securities restated its Buy rating on Nuvation Bio Inc (NYSE:NUVB) with a price target of $12. This action followed the firm's meetings with Nuvation Bio's management. The meeting covered a variety of topics, including the launch of the company's Ibtrozi drug and its safusidenib drug candidate. Ibtrozi is an FDA-approved treatment for lung cancer, while safusidenib is being developed to treat gliomas and other solid tumors. Truist noted that the Ibtrozi launch has had a bright start, pointing out potential to add around 200 points per quarter in the short-term. Moreover, the firm noted potential to expand the drug's market penetration with additional testing. Regarding safusidenib, Truist said it remained constructive on the candidate's long-term p Show less Read more
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